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Climate Policy in the End-of-Year Legislative Package

Climate Policy in the End-of-Year Legislative Package
Tuesday, December 29, 2020
Late Sunday, President Trump signed into law H.R. 133, the legislative package containing Coronavirus relief, the Fiscal Year 2021 Omnibus bill, and the Energy Act of 2020 the largest energy package to be enacted into law in over a decade. This sweeping legislation, nicknamed the “Coronabus,” contains a number of climate-related provisions, including those outlined below.
Hydroflurocarbons Phasedown
The package includes a compromise deal to wind down hydrofluorocarbons (HFCs) over a 15-year period, under a program administered by the United States Environmental Protection Agency (EPA). This is the first legislation mandating a national phasedown of HFCs, although the EPA has overseen similar programs for other greenhouse gas emissions. The bill requires a reduction of HFC production and consumption to approximately 15 percent of their 2011-2013 level by 2036, and ....

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The Sun Also Rises: Congress Votes to Stimulate the Renewable Energy, Efficiency, Carbon Capture, and Storage Industries | K&L Gates LLP

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On 21 December 2020, the shortest day of the year in North America, the U.S. Congress passed a historic stimulus package. Among its more than 5000 pages, the bill includes important, if not quite historic, clean energy-related provisions ranging from new and extended tax incentives to government programs for research and development. Assuming the legislation becomes law, a new day for U.S. carbon capture, offshore wind, and many more renewable energy technologies may dawn.
Renewable energy tax provisions
Many of the headline tax-related provisions are unsurprising (but still a nice holiday gift). The production tax credit would be extended by one year for electricity produced by wind, new open and closed biomass, hydropower, marine, and hydrokinetic energy electricity production facilities. In addition, the solar investment tax credit (ITC) will be extended at the 26% rate for two more years, reducing pressu ....

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Energy Provisions in COVID Stimulus Package

The Sun Also Rises: Congress Votes to Stimulate the Renewable Energy, Efficiency, Carbon Capture and Storage Industries
Wednesday, December 23, 2020
On December 21, 2020, the shortest day of the year in North America, the U.S. Congress passed a historic stimulus package. Among its more than 5000 pages, the bill includes important, if not quite historic, clean energy-related provisions ranging from new and extended tax incentives to government programs for research and development. Assuming the legislation becomes law, a new day for U.S. carbon capture, offshore wind, and many more renewable-energy technologies may dawn.
Renewable Energy Tax Provisions
Many of the headline tax-related provisions are unsurprising (but still a nice holiday gift). The production tax credit would be extended by one year for electricity produced by wind, new open and closed biomass, hydropower, marine, and hydrokinetic energy electricity production facilities. In addition, t ....

United States , Us Congress , Carbon Capture Technology Program , Revenue Service , Department Of Energy , Better Energy Storage Technology , Renewable Energy Tax Provisions , Energy Office , North America , Energy Tax Provisions , Great Lakes , Internal Revenue Service , Energy Act , Carbon Management , Carbon Removal Title , New Year , ஒன்றுபட்டது மாநிலங்களில் , எங்களுக்கு காங்கிரஸ் , கார்பன் பிடிப்பு தொழில்நுட்பம் ப்ரோக்ர்யாம் , வருவாய் சேவை , துறை ஆஃப் ஆற்றல் , சிறந்தது ஆற்றல் சேமிப்பு தொழில்நுட்பம் , புதுப்பிக்கத்தக்க ஆற்றல் வரி விதிகள் , ஆற்றல் அலுவலகம் , வடக்கு அமெரிக்கா , ஆற்றல் வரி விதிகள் ,