Sentences with phrase «fossil fuel credits»

Not exact matches

Thursday's tax reform bill maintains tax breaks for fossil fuel, but removes a $ 7,500 credit for electric cars and cuts the benefit from a wind credit by a third.

A Republican tax bill unveiled on Thursday included cuts to renewable energy tax credits considered critical to enabling wind projects to compete with fossil fuel plants, but tax breaks for Continue Reading

U.S. District Judge Valerie Caproni in Manhattan rejected claims that federal law preempted New York and its Public Service Commission from offering credits to promote clean energy and reduce reliance on fossil - fueled or gas plants.

The bill language also proposes changes to the Internal Revenue Service code that would terminate fossil fuel subsidies, extend renewable electricity production tax credits for wind - generated electricity and permanently extend a business energy investment tax credit for solar or wind energy technologies.

Environmental Advocates of New York says the Cuomo team deserves credit for its aggressive State Energy Plan, but cautions the goals may be just out of reach should the state go the way of re-firing outdated fossil fuel plants and raiding carbon abatement programs like the Regional Greenhouse Gas Initiative.

Ban the export credit guarantee department from underwriting risky investment in foreign fossil fuel projects.»

Yet despite the relatively small tax credits given to producers, wind electricity is now often competitive with that supplied from fossil fuels in the United States, Lovins says.

At the moment, these carbon markets only trade in credits for terrestrial ecosystems; for example, keeping a certain amount of forest intact in order to offset a ton of carbon dioxide emitted by burning fossil fuels.

Recent expansions in green renewable power and carbon offset credits enabled us to convert and transfer our previous dependency on non-renewable energy sources such as fossil fuels and nuclear to a more sustainable and less harmful energy source.

A prominent Canadian mutual fund company - IA Clarington - recently announced that their Enhance Global Equity Fund (subadvised by Vancity credit union) has removed all exposure to fossil fuel companies.

However, the NYT, to their credit, did cover the current efforts by the BLM to sabotage the expansion of solar thermal electricity generation in the U.S.: http://www.nytimes.com/2008/06/27/us/27solar.html — that would be the same BLM that has been working overtime to transfer public lands to fossil fuel interests for the past 8 years or so.

I often think of our attitude toward fossil fuels being similar to many young people's handling of credit card debt.

As news spread over the weekend of the death of George P. Mitchell, the 94 - year - old Texas oil man widely credited with playing a pivotal role in unlocking the shale energy era, I reached out for a reaction from Daniel Yergin, the Pulitzer - winning chronicler of humanity's fossil fuel era.

However other countries spend even more tax payer money on fossil fuel subsidies of various forms, including subsidising producers, tax credits, and keeping petrol artificially cheap.

One hazard is that the price of carbon could suddenly plummet — as it did in the European system in 2006 because of a glut of credits on the markets — prompting a swift return to burning more fossil fuels.

UN Climate Change News, 28 April 2018 — Projects that increase bicycle use over fossil - fuel - burning vehicles can now earn carbon credits, thanks to a decision taken by the Board that oversees the UN's Clean Development Mechanism (CDM).

The majority of internet references I initially found credited the accusation to ex-Boston Globe reporter / book author / «Pulitzer - winner» Ross Gelbspan, and his «discovery» that the fossil fuel industry was paying skeptic scientists «under the table» to «reposition global warming as theory rather than fact» — according to a leaked coal association memo he supposedly found.

Instead, a «pre-pay» carbon policy would let the market decide whether it is more economically efficient to transition to non-fossil sources of energy or to pay for removal credits needed to continue using fossil fuels.

In the near term, federal policy could: i) level the playing field between air captured CO2 and fossil - fuel derived CO2 by providing subsidies or credits for superior carbon lifecycle emissions that account for recovering carbon from the atmosphere; ii) provide additional research funding into air capture R&D initiatives, along with other areas of carbon removal, which have historically been unable to secure grants; and iii) ensure air capture is deployed in a manner that leads to sustainable net - negative emissions pathways in the future, within the framework of near - term national emissions reductions, and securing 2 °C - avoiding emissions trajectories.

«One concern that I have with these tax credits is that they specifically incentivize one option to cleaner energy: carbon capture with fossil fuels,» said Cohan.

After providing almost $ 6 billion annually to fossil fuels from 2013 to 2015, the U.S. export credit agency — the U.S. Export - Import Bank (Ex-Im)-- has been unable to finance large fossil fuel projects for the past two years.

Among the most significant sources of public support for fossil fuel investments, ECAs provide government - backed guarantees, insurance, credits, and loans to support the export of goods and services abroad.

The report, entitled Financing Climate Disaster: How Export Credit Agencies Are a Boon for Oil and Gas, calls on USEXIM and other nations» export credit agencies (ECAs) to phase out all financial support for fossil fuels by 2020 at the latest, in order to help prevent the worst impacts of climate cCredit Agencies Are a Boon for Oil and Gas, calls on USEXIM and other nations» export credit agencies (ECAs) to phase out all financial support for fossil fuels by 2020 at the latest, in order to help prevent the worst impacts of climate ccredit agencies (ECAs) to phase out all financial support for fossil fuels by 2020 at the latest, in order to help prevent the worst impacts of climate change.

On the other hand, industrial sulfates have been credited with reflecting solar radiation and thus slightly mitigating ongoing global warming caused by other fossil - fuel emissions.

Trump is committed to boosting fossil fuels, particularly coal, but his first budget proposal left tax credits for wind power unchanged.

Immediately repeal existing tax breaks for fossil fuel exploration and production, and halt efforts to extend and expand tax credits for unconventional fossil fuel production technologies, like carbon capture and storage and enhanced oil recovery.

As mentioned in the press release:» -LRB-...) these groups released a briefing titled «Dirty Dozen: How Public Finance Drives the Climate Crisis through Oil, Gas, and Coal Expansion», highlighting fossil fuel projects by the World Bank Group, other multilateral and national development banks and export credit agencies.

Bristol Community College John J. Sbrega Health and Science Building takes a holistic approach to eliminating the use of fossil fuels and increasing efficiency (Credit: Edward Caruso Photography)

Stanford University Central Energy Facility boasts a first of its kind heat recovery system, significantly reducing greenhouse gas emissions, and fossil fuel and water use (Credit: Tim Griffith)

With a renewal of the wind production tax credit, which is designed to establish parity with the subsidies for fossil fuels, growth could be even faster in the years ahead, creating thousands of new jobs.

The costs of solar and wind have dropped substantially in recent years, although when, and if, the technologies will become competitive with fossil fuels without tax credits or grants is anyone's guess.

In arguing for the continuation of federal incentives, advocates of renewable energy often point out that all forms of energy — including fossil fuels — rely on a complex web of state and federal credits and aid.

Tax credits, defined as a subsidy by the World Trade Organisation, are a key route of support for the fossil fuel industry.

-- If electricity is generated using both a renewable energy resource or other qualifying energy resource and an energy source that is not a renewable energy resource or other qualifying energy resource (as, for example, in the case of co-firing of renewable biomass and fossil fuel), the Commission shall issue Federal renewable electricity credits based on the proportion of the electricity that is attributable to the renewable energy resource or other qualifying energy resource.

Records reveal that, following requests by fossil fuel industry groups, a top official at the Department of the Interior appeared to take credit for helping to delay new federal protections for a once - endangered species.

Ex-Im is the third largest supporter of fossil fuels among all G20 countries» export credit agencies, according to a recent report by Friends of the Earth.

The amount generally credited for land use changes looks closer to the amount of carbon sinking eliminated than actual emissions which are 30 + % of fossil fuel emissions.

Production tax credits can help the wind compete with highly subsidized fossil fuels.

One proposed amendment provided for 400 million in aid to Flint Michigan, another would cut federal tax credits for fossil fuels.

If you look into the matter a little more, you can see that carbon traders will not be supporting the massive replacement of fossil fuel sources by renewables — because who would buy the carbon credits in that case?

NPK and fossil fuel based fertilizer along with mechanization of harvesting (the hardest most labour intensive part of agriculture) get the lions share of the credit (IMHO).

The savings in fossil fuel generation was subtracted from the total, and the difference was credited to non-carbon electricity generation.

Renewable Energy Certificates (RECs) provide clean energy - credit for every megawatt - hour of fossil fuel - based electricity consumed.

CFACT, credited as the film's producer, has accepted cash from fossil fuel interests including ExxonMobil and Chevron, as well as more than $ 7million from Donors Trust — a slush fund of rich conservatives which acts to conceal the identities of donors to projects.

To slow the growth of clean energy competition, ALEC's fossil fuel members wrote these bills to allow increasing portions of a states clean energy generation requirements to be fulfilled by Renewable Energy Credits, or RECs.

Subtitle B: Domestic Fossil Fuel Security -(Sec. 1321) Extends the tax credit for producing fuel from a nonconventional source to include facilities for producing coke or coke Fuel Security -(Sec. 1321) Extends the tax credit for producing fuel from a nonconventional source to include facilities for producing coke or coke fuel from a nonconventional source to include facilities for producing coke or coke gas.

Fortune — the fact that there are powerful vested interests, such as those who want to sustain the fossil fuel industry, or develop and selling carbon credits.

Yesterday, Sens. Whitehouse (D - RI), Heinrich (D - ND), Capito (R - WV) and Barrasso (R - WY) introduced the Carbon Capture Utilization and Storage Act, legislation to extend and more than double tax credits to fossil fuel companies for using climate pollution to extract more oil.

She has credited the fossil fuel industry with «vastly improved living conditions across the world» and likened the work of mainstream climate scientists to «the dogmatic claims of ideologues and clerics.»

If the OECD wants to actually reduce the impact of export credit agency financing on the climate, then it will need to expand restrictions to cover all fossil fuels.