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Senate version of “Fiscal Cliff” legislation includes 12 energy tax extenders; boost for algae

Green Car Congress

The amended bill, now called the “American Taxpayer Relief Act of 2012” and next to be considered by the House, contains 12 extensions outlined in Title IV of the bill, ranging from extension of production credits for Indian coal facilities to benefits for alternative fuels (including algal biofuels) and plug-in vehicles.

Tax 274
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Fuel provisions in the Tax Relief bill

Green Car Congress

The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon gallon producer tax credit for small ethanol producers producing no more 60 million gallon of ethanol a year. gallon credit for small agri-biodiesel producers through 2011. Refined Coal.

Tax 231
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President’s Jobs Council recommends an “All-in” energy strategy; from fossil fuels and pipelines, to efficiency, renewables and vehicle electrification

Green Car Congress

The Council’s recommendations for energy policy, which reflect current policy discussions in Congress and within the administration, are aimed to achieve energy resilience and diversity. The council recommended: Allowing more access to oil, natural gas and coal opportunities on federal lands. —“Road Map to Renewal”.

Renewable 236
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Senators Kerry and Lieberman Release Details of Energy and Climate Bill; Incentives for Electric Drive and Natural Gas Vehicles

Green Car Congress

The bill increases incentives for clean technology manufacturing, by expanding the clean energy manufacturing tax credit by $5 billion, providing incentives for the production of advanced vehicles and component parts and funding investments in energy efficiency innovation. Natural Gas. The American Power Act.

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

Green Car Congress

Fuel economy standards and changing driver behavior keep motor gasoline consumption below recent levels through 2040 in the Reference case. In the AEO2015 Reference case, gasoline-only vehicles, excluding hybridization or flex-fuel capabilities, represent the largest share of new sales in 2040, at 46% of the total (down from 83% in 2013).

2020 150
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Report from the REFF-Wall Street; Themes in Renewable Energy Finance

Green Car Congress

Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). by Bill Cooke. Cap and Trade Disappointment. Annual investment in the global renewables industry had grown from $16.5

Financing 150
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Stimulus Bill Provides Major Increase in Plug-in Vehicle Purchase Credit Program

Green Car Congress

It also made significant changes in the current plug-in vehicle tax credit program, including increasing the limit from a program total of 250,000 vehicles to a maximum of 200,000 plug-ins per manufacturer. Tax Credits for Plug-ins. No Republicans voted for the measure, and seven Democrats voted against it.

Stimulus 150