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Gearing stimuluspackages towards decarbonization. Governments must set ambitious targets in the 2021 revision of the Nationally Determined Contributions under the Paris Agreement, underpin them with concrete policies, and reinforce them by leveraging Covid-19 recovery packages to accelerate and deepen transport decarbonization.
A report released by the World Economic Forum during its annual meeting in Davos warns that to have a chance of limiting the average increase in global temperatures to 2°C, a level which an increasing number of experts already considers unsafe, at least US$515 billion per year will need to be invested in clean energy globally between now and 2030.
The treasure chest was cleverly disguised in the form of Federal stimulus money from the ARRA, the American Recovery and Reinvestment Act. That’s why they have authorized over $7 billion bucks in energy efficiency and clean energy programs for the USA. Imagine that.
Robert Hayden, the clean transportation adviser for San Francisco, said the city hopes to have 60 charging stations installed in public garages by year’s end, with a thousand more available across the Bay Area in 2011. “We
moves to tighten fuel-economy and greenhouse gasrules. Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimuluspackage approved in February for buyers of plug-incars. We will have packages that will be verycompetitive at that time.” General Motors Corp., Toyota Motor Corp. and Nissan MotorCo.,
Email « Daily Sprout GE Looking to Tap $2 Trillion of Stimulus Spending » Leave a reply Name (required) Email (required, will not be published) Website Notify me of follow-up comments via email. Artificial Moore’s Law for Cleantech: Renewable Standards, by Steps : [.]
Last year people were able to get unleveraged tax equity financing to monetize the production tax credits at yields to the tax investor of 6-7%; this year tax equity investors are seeking yields ranging from 10-15% for leveraged tax equity transactions utilizing the investment tax credit that is now available under the Stimulus Bill.
ACORE is an organization of member companies and institutions that are dedicated to moving renewable energy into the mainstream of America’s economy. As another panelist pointed out, “ The New York Times is well-equipped to write the article about how Stimulus Funds have been wasted ”. Billion vs. $28.3 Billion in 2008). Neil Auerbach.
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