article thumbnail

Australia PM Gillard announces carbon pricing plan; transport fuels exempt, but lowered fuel tax credits to bring carbon price to some businesses

Green Car Congress

The first Australian Government to announce a plan for a carbon price was John Howard’s back in 2007. However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. Economists and experts agree that the best way is to make polluters pay by putting a price on carbon.

article thumbnail

Darling International and Valero Considering Forming a Joint Venture for Renewable Diesel

Green Car Congress

The partners expect that the proposed facility would principally convert waste grease—primarily animal fats and used cooking oil supplied by Darling—and potentially other feedstocks that become economically and commercially viable into renewable diesel. In 2007, ConocoPhillips and Tyson Foods Inc. Earlier post.)

Renewable 199
article thumbnail

Opinion: Alternatives to the RFS

Green Car Congress

The expansion of the RFS in 2007 goes far beyond just replacing MTBE with ethanol as the required fuel oxygenate (and avoiding lawsuits ). The real issue is the lack of commercially available very low carbon intensity fuel alternatives. No mandates, but blend credits. tax credit) for blending biofuels.

Oil 150
article thumbnail

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

The EPA’s target reduction reflects the technical challenges and high costs of commercializing so-called second-generation biofuels. Instead of the 950 million liters required initially under the 2007 Energy Independence and Security Act, the final target will be a much smaller 25 million liters. —Sam Shrank.

2010 256
article thumbnail

National Research Council report finds it unlikely the US will meet cellulosic biofuel mandates absent major innovation or a change in policies

Green Car Congress

In 2005, Congress enacted the Renewable Fuel Standard as part of the Energy Policy Act (EPAct) and amended it in the 2007 Energy Independence and Security Act (EISA). As of 2010, biofuel production was contingent on subsidies, tax credits, the import tariff, loan guarantees, RFS2, and similar policies.

Renewable 252
article thumbnail

Berkeley Lab report finds installed cost of solar PV systems in the US dropped sharply in 2010

Green Car Congress

W over the period from 1998 to 2007. Other sources of incentives, however, such as federal investment tax credits (ITCs) and the Treasury Grant Program, have become more significant. In contrast, average net installed costs for commercial PV remained virtually unchanged from 2008 to 2009, at approximately $4.00/W.

2010 207
article thumbnail

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

Green Car Congress

The stimulus package is designed to address the recession and in the short term people were anxiously awaiting two key components of the plan: clarification on the details behind “ grants in lieu of tax credits ” and awards of loan guarantees by the DOE from section 1705. Earlier post.). Costs are also falling due to classic economics.

Financing 150