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The US’s largest renewable developer says it’s ‘unlikely’ GOP would gut clean energy tax credits

Baua Electric

The US’s largest renewable developer on the IRA The Biden administration’s landmark climate change law, the Inflation Reduction Act, has created a US clean energy manufacturing boom, thanks to the generous tax credits and other incentives. The Republican Party says it’s going to work to repeal it. Get started here. –ad*

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In a US first, the oil and gas sector will pay fines for excess methane emissions

Baua Electric

Photo by Juan Mt on Pexels.com The US Environmental Protection Agency (EPA) will fine oil and gas companies for emitting excess methane – the first federal government tax ever on greenhouse gas emissions. That’s because methane is a climate “super pollutant” that’s more potent than carbon dioxide. Representative Frank Pallone Jr. (D-NJ),

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U Chicago, MIT study suggests ongoing use of fossil fuels absent new carbon taxes

Green Car Congress

A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.

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US Sen. Brown introduces legislation to extend advanced energy manufacturing tax credit

Green Car Congress

Sherrod Brown (D-OH), would extend the advanced energy manufacturing tax credit (48C credit). The program provides investment tax credits of 30% for facilities that manufacture energy equipment. We can’t trade a dependence on foreign oil for a dependence on foreign-made sources of energy.

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bp to invest up to $8B additional in transition growth engines by 2030, for cumulative $55-65B over 2023-2030

Green Car Congress

It plans to increase its supply of biogas six-fold, underpinned by Archaea Energy, to up to 70,000 barrels of oil equivalent a day in 2030. by will also invest up to a cumulative $8 billion more into oil and gas by 2030—targeting short-cycle fast-payback opportunities with lower additional operational emissions. mmboe/d in 2030.

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Baker Institute report: China has positioned itself as a gatekeeper to the energy transition; nickel case study

Green Car Congress

China also dominates in other technologies including wind and solar components, controls, sensors, and communications—a gamut of industrial equipment, including much that is pertinent for defense. —Baker Institute report Need Nickel?

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“Project Volt Gas Volt” proposes long-term financing plan to support widespread implementation of power-to-gas systems

Green Car Congress

Its board of directors, the private investment instruments it sets up, and the necessary tax changes should ideally be approved by referendum and could be annulled only by another referendum, the goal being to build the necessary level of confidence, they suggest. Hydrogen Production Natural Gas Power Generation Solar Wind'

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