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Biodiesel Board Study Asserts Critical Importance of Biodiesel Tax Credit, Calls for Extension

Green Car Congress

The original biodiesel tax credit was passed in 2004 and has been extended twice. Biodiesel produced from both virgin feedstocks (such as soybean oil) and waste feedstocks such as yellow grease and animal fats qualifies for the $1.00 per gallon excise tax credit.

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EU Imposes Temporary Import Duties on US Biodiesel

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The US Volumetric Biodiesel Credit, signed into law in 2004 as part of the American JOBS Creation Act (H.R.4520), 4520), provides US biodiesel producers with excise tax and income tax credits to encourage the blending of biodiesel with petroleum diesel. (The

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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

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Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Is tax equity dead? Dr. Paul still sees significant growth in the developing world.

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Global investment in renewable power reached $270.2B in 2014, ~17% up from 2013; biofuel investment fell 8% to 10-year low

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Another challenge was, at first sight, the impact of the 50%-plus collapse in the oil price in the second half of last year. Oil and renewables do not directly compete for power investment dollars. Meanwhile the rooftop solar sector is becoming unstoppable.

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