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Biofuel Companies and Trade Associations Push for Extension to Investment Tax Credits for Cellulosic Biofuels and The Inclusion of Algae Biofuels

Green Car Congress

A group of 35 biotechnology and biofuel companies and trade associations are urging the leaders of the House Ways and Means Committee to extend tax credits for cellulosic biofuels for four years, to allow algae biofuels to qualify for those tax credits, and to create an option for monetizing the tax credits as tax refunds.

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US Geothermal Power Could Top 10 Gigawatts, New Industry Report Says

Green Car Congress

According to the GEA this was due to 4 new geothermal power projects moving to completion, but also reflects difficulty obtaining final permits and difficulty obtaining financing. The recession, as the report confirms, is having an impact on the industry, according to the GEA. Tags: Brief. Karl Gawell, Executive Director of GEA.

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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). Is tax equity dead? by Bill Cooke. M barrels/day of oil within the next 10 years ”. Billion vs. $28.3 Billion in 2008).

Financing 150
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UK Government Pre-Budget Report Offers Tax Exemptions for EVs, £30M in Additional Support for Low-Carbon Vehicles; Annual Fuel Tax Increases and End of Duty Differential for Biofuels

Green Car Congress

In the Pre-Budget Report (PBR) released on 9 December, UK Chancellor Alistair Darling announced that all electric cars will be exempt from Company Car Tax (CCT) for 5 years and electric vans will be exempt from Van Benefit Charge (VBC) for the same period. The PBR also has news of an additional £30 million (US$48.5 Earlier post.).

Tax 186
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China Developing National Emission Standard V, Likely to Be Published in 2015

Green Car Congress

He made the remarks during the 2009 International Forum on Chinese Automotive Industry Development (IFCAID) held last week in Tianjin. Ren added that State Administration of Taxation and the Finance Ministry are also considering levying a car emission tax in future. Tags: Brief.

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Exxon/Mobil To Fund Solar Financing Bond For Torrance Homeowners

Creative Greenius

In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. That’s too much democracy for Torrance.

Financing 150
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Report Finds That Biomass-Derived Ethanol in Europe Could Replace Up to 62% of Gasoline Consumption

Green Car Congress

Transforming agricultural residues into next-generation ethanol and biochemicals could create up to one million jobs in the EU27 by 2020, while theoretically replacing up to 62% of the EU’s forecast fossil-based gasoline consumption, according to a new study released by Bloomberg New Energy Finance with the support of Novozymes and DSM.

Gasoline 253