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US DOE, Treasury Release Proposed Regulations Implementing Clean Hydrogen Production Credit Setting A Sliding Scale For Credits

PA Environment Daily

Department of the Treasury and Internal Revenue Service released proposed regulations on the Clean Hydrogen Production Credit established by the federal Inflation Reduction Act. clean hydrogen industry. The proposed regulations advance those goals and will support the development of a robust U.S. On December 22, the U.S.

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Proposed Regulations for Direct Pay Under the Inflation Reduction Act: Guidelines for Cities

Law Columbia

Direct pay – which is already in effect as of January 1, 2023 – allows tax-exempt entities, including local governments, to claim the value of certain clean energy and other tax credits as a cash payment, rather than as an offset to tax liability that they do not have.

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Gov. Shapiro Unveils Cap-And-Invest PA Climate Emissions Reduction Initiative To Reduce Carbon Pollution From Power Plants; Update Alternative Energy Portfolio Standards To Diversify Electric Generation, Improve Reliability

PA Environment Daily

Under PACER, 70% of the revenue will be directed back to Pennsylvania residents as a rebate on their electric bill – more than any other cap-and-invest program in the nation – resulting in long-term, price relief on energy costs. Pennsylvania is 45th in the nation in terms of investing in clean energy sources like wind, solar, and hydropower.

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RePlanet Nederland’s review of the draft Delegated Regulation on nuclear energy and gaseous fossil fuels in the sustainable finance taxonomy

Environmental Progress

In order to steer investment toward environmentally sustainable activities, the European Union launched the Taxonomy Regulation framework to define activities deemed sustainable. The following elements of the Regulation proposal are dealt with in this review. of the proposal) and for existing installation only until 2040 (see §4.28).

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New Inflation Reduction Act Tracker Launched by the Sabin Center and EDF

Law Columbia

Section 60103 creates a “Greenhouse Gas Reduction Fund” (GGRF), which the EPA Administrator can use to make grants for the deployment of zero-emission technologies, and to carry out other greenhouse gas emission reduction activities.

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European Green Deal - What is the Just Transition Mechanism?

Energy and Climate Law

On 14 January 2020, a proposal of regulation establishing the Just Transition Fund was published, detailing the rules that should apply to it. - Interestingly enough, article 5 of the proposed regulation sets a list of activities the JTF shall not support and it includes the decommissioning or construction of nuclear power stations.

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How the Tides have Shifted for Virginia Energy Policy in 2020

Vermont Law

There is hope that these effects of climate change can be slowed down or even mitigated with drastic changes in our energy sector. The energy sector is one of the biggest polluters when it comes to. greenhouse gas emissions. Today the energy sector accounts for 30% of the carbon dioxide emissions in. finalized last year.

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