Tag

Climate Bill

All articles tagged with #climate bill

business2 years ago•7 min saved

"Tax Credits in Climate Bill Attract Solar Manufacturing to U.S., but Imports Pose Threat to Boom"

Solar manufacturing in the United States is experiencing a revival thanks to a combination of tax credits and trade protections provided by President Biden's Inflation Reduction Act. The law has incentivized solar companies to invest billions of dollars in new facilities, leading to the reshoring of solar jobs. Critics argue that while these efforts have been successful in the short term, they come at a high cost to taxpayers and may not be sustainable in the long run. However, proponents believe that the subsidies and tariffs are necessary to compete with China and build a robust domestic solar industry.

via The New York Times|

#business #climate-bill #government-policies

environment2 years ago•2 min saved

"Apple Backs California Climate Bill for Stringent Emissions Reporting"

Apple has expressed its support for a California climate bill that proposes strict emissions reporting. The bill, introduced by California state senator Scott Wiener, would require companies with annual revenues exceeding $1 billion to publicly disclose their greenhouse gas emissions. Apple believes that emissions disclosures should include Scope 3 emissions, which come from a company's supply chain and are difficult to track. The company also supports third-party oversight of emissions reporting. This comes as federal regulators in the US are considering requiring corporate climate disclosures, and Apple suggests the need for parallel standards to minimize duplicative reporting.

via CNBC|

#apple #california #climate-bill

climate-and-environment2 years ago•3 min saved

Climate-bill tax credits now available for cities and nonprofits.

The US Department of the Treasury and Internal Revenue Service have released guidance on how tax-exempt entities, including state, city, and local governments, and nonprofits, can access tax credits included in the Biden administration's climate bill. The Inflation Reduction Act's tax credits provide ten years of policy certainty for the clean energy sector, and for the first time, tax-exempt entities will be able to receive a payment equal to the full value of the tax credit for building qualifying clean energy projects. The new guidance will enable schools to purchase electric buses, help schools retrofit and add rooftop solar to the roofs of their buildings, and help rural energy cooperatives invest in renewable energy.

via CNBC|

#clean-energy #climate-and-environment #climate-bill