Some of the world’s largest companies — and brands — announced their commitment on Tuesday to cutting carbon emissions and participating in practices that would support sustainable energy. [The NY Times] Asian stock markets were uneven Wednesday as commodity prices languished in a sign of uncertainty about world growth prospects. [U.S. News/AP] In the north… Keep reading →
The U.N.’s Global Climate Change Summit in Paris this December is turning into a bit of a telethon. Today, reports indicate that 13 global corporations have pledged $140 billion to reduce their carbon footprint and fight climate change. There you go, Earth. Don’t give up, don’t ever give up. It’s a cool list of companies.… Keep reading →
A company’s public statements matter – they can influence consumer choice, sway public policy decisions, and demonstrate leadership on important issues. But in terms of actual change, it’s where a company puts its money that really matters. This week, Bank of America (BoA) spoke with both its voice and wallet: At its shareholder meeting last… Keep reading →
Bank of America Chairman Charles Holliday speaking on behalf of the Global Commission on the Economy and Climate asked the audience at yesterday’s American Energy and Manufacturing Competitiveness Summit in Washington DC how many people anticipated the US shale gas production revolution 10 years ago. No one in the 500-plus crowd raised their hand. US… Keep reading →
Structuring renewable energy projects that provide acceptable investment returns is often helped by using feed in tariffs in European and other markets, but tax equity vehicles are more common in the US. Tax equity arrangements can be structurally complicated and difficult to administer, but can also provide double-digit returns when done properly.
These were some of the issues discussed by an expert panel at the AGRION Energy Summit and Sustainability Meeting held this week in New York City. The production tax credit for wind projects – recently extended for one year after much controversy – and the investment tax credit for solar are two tax equity vehicles commonly used in the US to help finance projects. Keep reading →
