An energy tax is a tax that increases the price of energy (Fisher et al., 1996, p.416). Arguments in favour of energy taxes have included the pursuit of macroeconomic objectives, e.g., fiscal deficit reduction in the 1990s, as well as environmental benefits, i.e., reduced pollution (Nellor, 1994, p.1). A weakness of energy taxes is that they impose a burden (or cost) in the form of reduced economic output and employment (p.19).
In 1993, then President Bill Clinton proposed a BTU tax. A BTU tax is a type of energy tax (Baron, 1997, p.14). The tax would have taxed all fuel sources based on their heat content except for wind, solar, and geothermal. It was never adopted. The BTU tax passed the House, but was rejected by the Senate in light of the lobbying effort mobilized against its adoption. The rejected proposal was watered down, as the Clinton administration tried to salvage their efforts by offering to exempt manufacturers and base the tax on the cost rather than the heat content of energy. Many of the House Democrats who voted for the tax and who lost their seats in the 1994 midterm election, blamed their loss on their vote for the BTU tax. Getting "BTU'd" became Beltway slang at the time for those who lost reelection by voting for the controversial proposal.
Sustainable energy is energy obtained from non-exhaustible resources. By definition, sustainable energy serves the needs of the present without compromising the ability of future generations to meet their needs. The organizing principle for sustainability is sustainable development, which includes the four interconnected domains: ecology, economics, politics and culture.Sustainability science is the study of sustainable development and environmental science.
... a portfolio of Texas-based clean energy projects utilizing a Tax Credit Transfer Agreement (TCTA) for solar and battery storage systems developed, built, and operated by ENGIE North America (ENGIE).
The advantage of the residential clean energy credit, in particular, is that ... You can’t claim the residential clean energy credit and the energy efficiency home improvement tax credit at the same time.
Tuesday, Schneider said it has “committed to invest in a portfolio of Texas-based clean energy projects utilizing a Tax Credit Transfer Agreement for solar and battery storage systems developed, built, and operated by ENGIE North America.”.
... that could aff ect their clean energy investment decisions ... The Infl ation ReductionAct contains various tax credits and other subsidies to incentivize companies to deploy more clean energy projects.
The InflationReductionAct’s investments in clean energy are important for the country’s future, but sending $7,500 tax breaks to individuals who can afford new technology themselves is a way to waste taxpayer dollars.
The federal climate law passed in 2022 also opened tax credits for new and existing nuclear plants, designed to incentivize clean energy production in the same way existing credits support wind and solar.
Energy storage investment tax credits (ITC) were priced more highly than any other clean energy type in transferability transactions last year, according to a report from tax credit ecosystem Crux which its CEO discussed with Energy-Storage.news ....
He is going to a new position at the State Department...Biden appointed Campbell as the White House Indo-Pacific coordinator in January 2021 ... trade; supply chains; clean energy, decarbonization and infrastructure; and tax and anti-corruption ... .
Assemblymember Damon Connolly (D-San Rafael) has introduced new legislation to reduce fees and taxes on residential solar projects and restore incentives to Californians who are helping to generate clean energy for our grid.
... largest operational clean energy asset to date. While the project represents a new milestone for Greenbacker and minority owner rPlus Energies LLC, it’s also a landmark for the clean energy industry.
Alexander Co.'s financing package will feature state and federal historic preservation tax credits, property assessed clean energy funding, a National Park Service grant, federal New Markets Tax Credits, and philanthropic funding.
... "uncertain environmental safeguards", scrap clean energy schemes and carbon-cutting plans, and "redirect emissions reductions funding to tax cuts", as well as plans to allow more ocean exploitation.