I was speaking with a friend the other day when she asked, “What’s going on with renewable energy tax extenders this year? Are the PTC and ITC going to be extended?” As we know, the Production Tax Credit (PTC) expired at the end of 2014 and the 30 percent Investment Tax Credit (ITC) will expire at the end of 2016. That’s in addition to a dozen other energy credits affecting biofuels, electric vehicles, and energy efficiency that have also expired.
Recently, the Government of India asked ACORE and the Confederation of Indian Industry (CII) to co-host an exclusive roundtable discussion with the Honorable Piyush Goyal, Minister of State for Power, Coal and New & Renewable Energy in the Government of India to discuss financing renewable energy. The meeting was held recently on September 20, 2015, and a senior group of American and Indian industry leaders gathered to explore ways in which U.S. industry can work with the Indian government and industry to achieve Prime Minister Modi’s goals of deploying 175 GWs of new renewable energy by 2022.
First off, what is a master limited partnership (MLP) and why is it important to renewables? An MLP is a publicly traded company that is taxed as a partnership, i.e. not required to pay corporate taxes (see Figure 1).
Cold underpins our modern lifestyles, and as demographics shift, the demand for cold is booming worldwide. This represents a huge, untapped market opportunity.
America has the largest and most scrutinised economy on Earth, so you may be surprised to hear that much of its prosperity is underpinned by the need for ‘cold’.
But if you consider what it takes to transport food long distances over land and life-saving medicines to the other side of the country, or keep the people of Texas or Arizona cool, it all begins to add up.
As a speaker at New York’s annual REFF-Wall Street earlier this month, my mission has been to highlight the potential for cold technologies to become the next major growth market within the renewables sector.
The White House made a big announcement at the Clean Energy Investment Summit this Tuesday: they have procured $4 billion worth of independent commitments from the private sector to fund investments in clean energy and other carbon-cutting solutions. These commitments come from a wide range of organizations, like the University of California and Goldman Sachs. There are many takeaways to a high-profile statement like this, but most importantly, this announcement just continues the trend of private investment leading the way on clean energy.
With a President touting a clean energy legacy, the Obama administrational can, and should, tear down Big Oil’s illegitimate ‘blend wall’ to encourage a cleaner, freer fuel market.
With its passage in 2007, the Renewable Fuel Standard (RFS) was developed in collaboration with refiners, renewable fuel producers and agribusinesses to help open competition and ensure that transportation fuel sold in the U.S. contains a minimum volume of clean, renewable fuel. The widely bipartisan law was intended to increase production of overall renewable fuels annually, and eventually increase the percentage of advanced biofuels blended into petroleum for vehicles. With its implementation, however, the clout of the oil industry has led to what is essentially a cap on how much renewable fuel is added to America’s petroleum supply. This so-called ‘blend wall’—as it has been infamously dubbed—stands as a 10 percent barrier to the biofuels industry and slows development for a much cleaner transportation sector.