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
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
January 2024 saw the first operational turbine on the Vineyard Wind project deliver 5 megawatts of power to the New England electrical grid. The project began in 2022 and upon completion is projected to generate 800 megawatts of electricity, reducing carbon emissions by 1.6 million tons per year.
Topics: renewable energy, offshore wind, vineyard wind
The UN’s Climate Change Conference, or “COP28” Summit was held from November 30 through December 13th in Dubai, UAE. The Conference consisted of 150 heads of State and Government and 85,000 participants representing countries, organizations, etc. This year’s summit focused on where the world is in relation to the goals initially outlined in the Paris Agreement (forget what that is? Refresher here: LINK). Spoiler alert – the world is nowhere near achieving the goals outlined, and the focus became how the countries involved can speed up their action on climate change mitigation through multiple avenues.
Topics: methane, Climate Change, Carbon Emissions, renewable energy, paris accord
Independent research organization Climate Central published a report recently that showed how the national capacity for solar and wind generated power shot up in 2022. The report comes just as the Biden Administration begins rolling out billions of dollars to renewable energy projects as part of its commitment to decarbonizing the grid completely by 2030 and getting the US to net zero emission by 2050.
Topics: Solar, Carbon Emissions, renewable energy, Biden Administration, offshore wind, decarbonization
Topics: EPA, Carbon Emissions, railcar regulations, renewable energy, Biden Administration, decarbonization
Another avenue being looked into for decarbonization in the US is hydrogen blending. Hydrogen blending would use existing natural gas infrastructure for transport, which obviously makes it very appealing from an infrastructure & logistics standpoint as the majority would already be in place.
Topics: renewable energy, hydrogen, decarbonization
Boston based Vanguard Renewables, a pioneer in the food & dairy industry waste-to-energy space has been acquired by BlackRock for $700 million dollars, with a plan to invest up to an additional billion dollars in the company’s expansion, according to the Wall Street Journal this morning. The expansion plan reportedly focuses on commissioning up to 100 anaerobic digesters for renewable natural gas production across the United States by 2026.
Topics: Massachusetts, methane, Carbon Emissions, renewable energy, renewable natural gas