Massachusetts passed a long awaited and much debated climate change bill this week and sent it to Governor Healey’s desk Thursday afternoon.
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As we round into 2025, and the election day preceding it, we thought it would be helpful to highlight energy related tax, credit, and funding items that either have an expiration looming December 31, 2024, are slated to kick on January 1, 2025... OR that have their passage or continuation hanging in the balance depending on how the election goes. If you're in Massachusetts, there are a host of additional items on the horizon, by the way, the following are Federal Level items:
Topics: Biodiesel Tax Credit, Biodiesel, Carbon Emissions, Trump Administration, Biden Administration, Inflation Reduction Act, Carbon Capture, Clean Fuel Production Credit, renewable diesel
What is Renewable Diesel?
Topics: Biofuels, Carbon Emissions, decarbonization, renewable diesel
In early May of 2024, the New Jersey Township of North Brunswick conducted an initial trial of renewable diesel y fueling the township's DPW trucks with Neste MyRenewable Diesel. Now, all of North Brunswick's public fleet, including school busses, fire trucks, and backup generators are powered by renewable diesel. This move is projected use around 50,000 gallons a year and result in a reduction of GHG emissions by 470 tons annually.
Topics: Carbon Emissions, renewable energy, renewable diesel
The Clean Fuel Production Credit is part of the Inflation Reduction Act passed in 2022. The Act includes substantial provisions for climate initiatives including the aforementioned credit, and multiple provisions regarding EV incentivization.
Topics: Biodiesel Tax Credit, Biodiesel, Climate Change, Carbon Emissions, renewable energy, Inflation Reduction Act, Clean Fuel Production Credit
The Biodiesel Blender Tax Credit is set to expire at the end of 2024, at which point it will be replaced by the Clean Fuel Production Credit. The Clean Fuel Production credit (somewhat obviously) accrues credit to producers of clean transportation fuels produced at approved facilities for approved uses and does NOT carry through to blenders of clean transportation fuels like biodiesel and renewable diesel.
Topics: Biodiesel Tax Credit, Biodiesel, Carbon Emissions, renewable energy, Clean Fuel Production Credit
AI is revolutionizing both fleet management and office operations by making them more automated and efficient. These days, most of us are familiar with the cutting-edge safety features in new cars. Advanced driver assistance systems leverage AI algorithms to detect potential dangers, provide real-time alerts to drivers, and even take corrective actions to prevent accidents. This technology significantly enhances the safety of both drivers and passengers by reducing the risk of accidents caused by human error.
Topics: Safety, Safe Driving Policy, Oil & Energy Magazine, AI
“Competitive Electric Suppliers” will be banned in Massachusetts if the House passes the Climate Bill that the State Senate passed June 25th 2024....But what does that even mean?
Topics: Massachusetts, Climate Change, electricity rates
Two new nuclear reactors in Georgia at Plant Vogtle are the first new reactors built in the United States in 30 years. Each of them will power 500,000 homes and businesses with clean nuclear energy.
Topics: Oil & Energy Magazine, Carbon Emissions, renewable energy, net-zero, power plants, nuclear