Basis Climate的动态

#interestingread Perceived Impact on the IRA and Energy Tax Credits This article from AP offers a concise and factual (I believe) summary of potential regulatory changes to energy tax credits under the Trump administration. As an engaged participant in the clean energy sector, I share this information solely for its industry relevance, without any political intent. #cleanenergy #energytransition #inflationreductionact #emobility

The Biden administration has proposed expanding tax credits to support a broader range of clean energy technologies as part of its ongoing efforts to tackle climate change. According to the Rhodium Group, these new credits could potentially reduce greenhouse gas emissions by 300-400 million tonnes by 2035, a reduction of 29%-46% compared to a scenario without tax credits. #TaxCredits #RenewableEnergy

According to Heatmap, the Inflation Reduction Act, which was Biden's signature climate law, passed on a party-line vote by the narrowest of margins with Vice President Kamala Harris breaking the tie. It will now have to survive a 53-Republican Senate and majority-Republican House, which means that "if they want to save the IRA from being gutted, the beneficiaries of its tax credits for the production of and investment in non-carbon-emitting fuels, advanced manufacturing, hydrogen, carbon capture, and the rest will have to learn to speak Republican." “If you ask Republicans to be for or against the IRA as a whole, they’ll be against it,” Domenech told me, “But Republicans think about energy as a regional issue. So instead of forcing this one size fits all approach, IRA advocates would be smart to give people room to support only the policies that make the most sense for their state or region.” To read more, visit https://lnkd.in/gyAJnS93

A new report from @empowerllc clearly lays out the way #carboncapture tax credits rig the system in favor of the #BigOil and gas industry to the tune of billions of our taxpayer dollars and, if left unchecked, will make Texas communities dependent on the #fossilfuel industry for decades to come. Here’s what you need to know: ?#CCS projects depend on tax credits and subsidies. Otherwise, the private sector deems most of them unprofitable or unfeasible. Through land leases and other public instruments, Texas schools and governments are being financed by CCS tax credits. This may create financial dependence on the fossil fuel industry. Texas CCS projects could receive a minimum of $3.2 billion in annual tax credits, and up to a max of $33 billion per year. CCS companies can withhold most critical information, limiting the amount of information available to the public. Companies using CCS create layers of subsidiaries to isolate CCS-related risk. As a result, the government and taxpayers bear the financial burden. It comes down to this: CCS is a waste of taxpayer money that puts our environment, our health and safety, and our schools at risk. Read more about the report’s troubling findings here:?https://lnkd.in/ewbHMahV

A new report from @empowerllc clearly lays out the way #carboncapture tax credits rig the system in favor of the #BigOil and gas industry to the tune of billions of our taxpayer dollars and, if left unchecked, will make Texas communities dependent on the #fossilfuel industry for decades to come. Here’s what you need to know: ?#CCS projects depend on tax credits and subsidies. Otherwise, the private sector deems most of them unprofitable or unfeasible. Through land leases and other public instruments, Texas schools and governments are being financed by CCS tax credits. This may create financial dependence on the fossil fuel industry. Texas CCS projects could receive a minimum of $3.2 billion in annual tax credits, and up to a max of $33 billion per year. CCS companies can withhold most critical information, limiting the amount of information available to the public. Companies using CCS create layers of subsidiaries to isolate CCS-related risk. As a result, the government and taxpayers bear the financial burden. It comes down to this: CCS is a waste of taxpayer money that puts our environment, our health and safety, and our schools at risk. Read more about the report’s troubling findings here: https://lnkd.in/gn8wBCpc

A new report from @empowerllc clearly lays out the way #carboncapture tax credits rig the system in favor of the #BigOil and gas industry to the tune of billions of our taxpayer dollars and, if left unchecked, will make Texas communities dependent on the #fossilfuel industry for decades to come. Here’s what you need to know: #CCS projects depend on tax credits and subsidies. Otherwise, the private sector deems most of them unprofitable or unfeasible. Through land leases and other public instruments, Texas schools and governments are being financed by CCS tax credits. This may create financial dependence on the fossil fuel industry. Texas CCS projects could receive a minimum of $3.2 billion in annual tax credits, and up to a max of $33 billion per year. CCS companies can withhold most critical information, limiting the amount of information available to the public. Companies using CCS create layers of subsidiaries to isolate CCS-related risk. As a result, the government and taxpayers bear the financial burden. It comes down to this: CCS is a waste of taxpayer money that puts our environment, our health and safety, and our schools at risk. Read more about the report’s troubling findings here: https://lnkd.in/gn8wBCpc

A new report from Empower, LLC clearly lays out the way #carboncapture tax credits rig the system in favor of the #BigOil and gas industry to the tune of billions of our taxpayer dollars and, if left unchecked, will make Texas communities dependent on the #fossilfuel industry for decades to come. Here’s what you need to know: - #CCS projects depend on tax credits and subsidies. Otherwise, the private sector deems most of them unprofitable or unfeasible. - Through land leases and other public instruments, Texas schools and governments are being financed by CCS tax credits. This may create financial dependence on the fossil fuel industry. - Texas CCS projects could receive a minimum of $3.2 billion in annual tax credits, and up to a max of $33 billion per year. - CCS companies can withhold most critical information, limiting the amount of information available to the public. - Companies using CCS create layers of subsidiaries to isolate CCS-related risk. As a result, the government and taxpayers bear the financial burden. It comes down to this: CCS is a waste of taxpayer money that puts our environment, our health and safety, and our schools at risk. Read more about the report’s troubling findings here: https://lnkd.in/gn8wBCpc

The Inflation Reduction Act is turning two in August. Since being announced in 2022, this historic funding has led to major investments in clean energy through tax incentives and federal funding to individual states. So far this year, 41 major clean energy projects and $12.6 billion in private investment have been announced, and 47 of 50 states have used Climate Pollution Reduction Grants to produce climate action plans.

Business leaders understand that maintaining the clean energy tax credits in the Inflation Reduction Act is essential for a stronger, cleaner, and more resilient economy—benefiting both their bottom line and the communities they serve. Abby Campbell Singer, VP of U.S. Government and Institutional Relations at Hitachi Energy, said it best: “Public policy such as federal clean energy incentives provide crucial support for U.S. investments in both technology development and production capacity and can play a key role in meeting the nation’s energy needs and driving economic development going forward.” https://lnkd.in/eTwew-Z5

Ceres, Inc. “an advocacy group working to fast-track the energy transition, said Wednesday that they had organized more than two dozen meetings on Capitol Hill this week between companies such as Avangrid, Hitachi Energy and Samsung to make the case for preserving the Inflation Reduction Act’s clean energy tax credits.”