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UCS Expert Testifies on the New Clean Electricity Tax Credits

Union of Concerned Scientists

Earlier this month, the US Department of the Treasury and the Internal Revenue Service hosted a public hearing on their recent proposed rules governing implementation of the Section 45Y Clean Electricity Production Credit and the Section 48E Clean Electricity Investment Credit. My testimony is copied below.

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These Are the Critical Issues to Track with the New “Tech-Neutral” Clean Electricity Tax Credits

Union of Concerned Scientists

The Inflation Reduction Act (IRA) included a major—forthcoming—refresh for one of the biggest policy drivers of the nation’s clean energy transition to date: tax credits subsidizing the deployment of clean electricity resources. the GHGs emitted into the atmosphere by a facility in the production of electricity—is not greater than zero.

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We Need Large-Scale Solar. A New Agreement Points the Way Forward

Union of Concerned Scientists

The agreement, which the Union of Concerned Scientists is a party to, is part of an “Uncommon Dialogue” sponsored by Stanford University that aims to both accelerate large-scale solar in the United States while “simultaneously addressing conservation and community opportunities and challenges.” Single projects can be hundreds of megawatts.

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Subnational Climate Action in the UK

Legal Planet

In sharp contrast with their American counterparts, British conservatives remain firmly behind the Paris Agreement and supportive of cap-and-trade. In another respect, though, there’s more similarity: in both countries, subnational governments play a key role in climate policy. Regional governments.

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South Korea and Climate Change

Legal Planet

Even so, it compares favorably with the national governments in places like the U.S. The EIA reports that: “Fossil fuel sources accounted for about 69% of South Korea’s electricity generation in 2019, and the share of nuclear power accounted for 25%. What is South Korea doing to cut its emissions? and Australia.

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How to Make Trees Worth More Standing Than Cut Down

Legal Planet

As quick background, the basic driver for a PES approach is that we need much more funding to conserve natural capital than philanthropy and governments can provide. This can happen through stringent government regulation, reputation, private certification, or some combination of these. The need could not be more critical.

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Good News from “Down Under”

Legal Planet

Australia has had a change of government. The Liberal Party — conservative in everything but name — lost control of the federal government to Labor. So the change in government is more than welcome. Together we can take advantage of the opportunity for Australia to be a renewable energy superpower.”.