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Hydrogen Project
US energy companies call for widening of hydrogen tax incentives
Anumber of US energy companies have begun lobbying the US Government to widen its tax incentives for the hydrogen industry.Currently, green hydrogen producers r…
Wind Farm
New Jersey Residents Challenge Orsted Offshore Wind Farm's $1 Billion Subsidy
Electric power transmission pylon miniatures and Orsted logo are seen in this illustration taken, December 9, 2022. REUTERS/Dado RuvicNew Jersey residents have …
Offshore Wind Power
Ørsted Gets Tax Break for New Jersey's First Offshore Wind Farm, Shell-Edf JV Calls for Same Treatment for All Current NJ Projects
New Jersey Governor Phil Murphy has signed a bill that will ease Ørsted’s tax obligations related to the 1.1 GW Ocean Wind 1 project, the state&rsq…
Electric Vehicles
China Rolls Out $72 Billion in Tax Breaks for New-Energy Vehicles Over Next Four Years
China on Wednesday unveiled a $72 billion package of tax breaks aimed at boosting the purchase of electric vehicles over the next four years, extending an exist…
Renewable Diesel
Nebraska Governor Signs Bill Promoting Use of Biodiesel
Governor Jim Pillen has signed into law legislation promoting the sale and use of biodiesel in Nebraska.The bill, LB 727, provides retail tax incentives for the…
Hydrogen Production
Constellation Energy hits pause button on massive US nuclear hydrogen power plan
The billion-dollar pink H2 strategy is now on hold in the face of potential tax credit limits.Constellation Energy Corp. has announced that it is placing its $1…
Electric Vehicles
Tesla Inventory Is Going Down as Discounts, Tax Credits, and Referrals Seem to Work
Tesla’s new inventory vehicles are going down following a high earlier this year as recent discounts, new tax credits, and referrals appear to be working.…
Wind Farm
Cutting Dependence on China’s Renewables Supply Chain
The US Inflation Reduction Act of 2022 is widely regarded as a game-changer in the drive to net zero. As well as generous tax credits for investment in low-carb…
Biofuel
Blue Biofuels Signs Mou With World Energy for Offtake of Ethanol, SAF
Blue Biofuels announced May 31 that it has signed a memorandum of understanding (MOU) with World Energy Sustainable Products LLC for World Energy to purchase th…
Carbon Emissions
Cutting Dependence on China’s Renewables Supply Chain
The US Inflation Reduction Act of 2022 is widely regarded as a game-changer in the drive to net zero. As well as generous tax credits for investment in low-carb…
Carbon Emissions
World Bank: Carbon Pricing Revenues Near $100BN a Year
New report reveals how carbon taxes and emissions trading schemes are curbing emissions and generating valuable revenues for exchequersCarbon pricing mechanisms…
Electric Vehicles
“Electromobility Hub:” Kia Joins Tesla to Build EV Factory in Mexico
Kia’s parent company Hyundai Group plans to build a dedicated electric vehicle plant at Kia’s Monterrey factory in Mexico to take advantage of tax c…
LNG
Australian LNG Producers Rise After More Favourable Petroleum Tax Change
Shares of Australian liquefied natural gas (LNG) producers rose after the government adopted more favourable-than-expected changes to petroleum tax, ensuring th…
Biofuel
Washington Governor Signs SAF Tax Incentive Worth up to $2 a Gallon Into Law
Washington Gov. Inslee signs seven climate-related bills into law May 3.Gov. Jay Inslee has signed a bill to promote and incentivize sustainable aviation fuel (…
Electric Vehicles
LEVC Launches New EV Modular Platform; Transitioning From Taxi-Maker to E-mobility Solutions Provider
LEVC (London Electric Vehicle Company) launched its new new pure electric vehicle technology that it intends to support the company’s transformation from …
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