The Biden administration has announced new rules on Tuesday to govern the use of voluntary carbon credits and proposed expanding tax credits on Wednesday to cover a wider range of clean energy technologies. The new guidelines aim to provide the necessary 'guardrails' for carbon markets to succeed, helping companies cut emissions by financing renewable projects and forest protection. The expanded tax credits, which have traditionally supported solar and wind energy projects, will now include technologies such as nuclear fission and fusion. The Treasury released proposed rules outlining which technologies would qualify for new zero-emission energy tax credits. These efforts are part of a broader strategy to clean up and grow the carbon credit markets, which have been criticized for their lack of regulation.
Treasury released proposed rules outlining which technologies would qualify for new zero-emission energy tax credits, saying wind, solar and geothermal are among those that would make the cut. https://t.co/i3idzEFZLK https://t.co/c9k7XLSNti
The Biden administration has proposed expanding tax credits that have for years boosted U.S. solar and wind energy projects to cover a wider range of clean energy technologies including nuclear fission and fusion, per Reuters
🔵 BIDEN ADMINISTRATION EXPANDS TAX CREDITS BEYOND WIND, SOLAR Full Story → https://t.co/RjUyZbyh4r The Biden administration on Wednesday proposed expanding tax credits that have for years boosted U.S. solar and wind energy projects to cover a wider range of clean energy… https://t.co/JoklcQlA2V
Daily Briefing | Carbon offsets, a much-criticised climate tool, get federal guidelines ➡️ https://t.co/b546q8UKvT https://t.co/euxBKX9xOg
The White House just launched efforts to clean up the Wild West of carbon credit markets — and help them grow. These credits can help companies cut emissions by financing renewables projects, forest protection, and more. https://t.co/NT93hHTVeT
Voluntary carbon markets bank on boost from US endorsement https://t.co/avSlNqNfOq
The Biden administration on Tuesday announced new rules to govern the use of voluntary carbon credits. https://t.co/KkPqHHjX6n
The White House just launched efforts to clean up the wild west of carbon credit markets — and help them grow. https://t.co/5ttHcR39M5
US to unveil ‘guardrails’ needed for carbon markets to succeed https://t.co/vBqUfcF2YM