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Fuel provisions in the Tax Relief bill

Green Car Congress

4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon gallon credit for small agri-biodiesel producers through 2011.

Tax 231
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BNEF: steel industry set to pivot to hydrogen in green push; additional $278B for clean capacity and retrofits

Green Car Congress

Steel production could be made with almost no carbon emissions through $278 billion of extra investment by 2050, according to a new report from research firm BloombergNEF (BNEF). Hydrogen and recycling are likely to play a central role in reducing emissions from steel production.

Hydrogen 221
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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

Australia’s per capita CO 2 emissions are higher than those of the US due to an emissions-intensive energy sector. For the first three years, the carbon price will be fixed, before moving to an emissions trading scheme in 2015. Gillard said that by 2020, this would cut emissions by some 160 million tonnes per year.

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Report finds says “negative emissions technologies” need to play a large role in mitigating climate change

Green Car Congress

To achieve goals for climate and economic growth, “negative emissions technologies” (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change, according to a new report from the National Academies of Sciences, Engineering, and Medicine.

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Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

The vehicles use electricity produced from nuclear power, coal, natural gas or solar energy. Zero Carbon Emissions. You can now purchase an electric vehicle at a fair price due to the existing tax credits. The federal tax credit exempts allows you to deduct up to $7,500 from the vehicle’s initial cost.

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Study Finds that US Subsidies for Fossil Fuels Are Almost 2.5x Those for Renewables

Green Car Congress

billion went to traditional sources—such as coal and oil—and $2.3 billion went to carbon capture and storage, which is designed to reduce greenhouse gas emissions from coal-fired power plants. Most of the largest subsidies to fossil fuels were written into the US Tax Code as permanent provisions.

Renewable 338
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The Complex Calculus of Clean Energy and Zero Emissions

Cars That Think

As legislation worked its way through Congress, Jenkins’s team provided elected officials, staffers, and stakeholders with a running tally of the possible trade-offs and payoffs in emissions, jobs, and economic growth. The target of reducing emissions by 50 percent by 2030 was established through an executive order in 2021.

Clean 108