05.17.2024
Uncertainty with 45z tax credit may affect Q1 2025 biofuel contracts
The expiring BTC provides a one dollar per gallon blenders credit up front with an additional 30 to 40 cents of credit to producers on the backend. Crimson...
US companies, including Apple, Google, Lyft, and Salesforce, more than 75 in all, signed a letter urging Congress and the White House to adopt a federal clean electricity standard. According to an article from The Hill, signers urged the federal government to implement a standard that would achieve 80 percent carbon neutrality by the end of the decade, with a goal of complete carbon neutrality by the end of 2035.
This letter comes nearly two months after 715 organizations petitioned Congress to enact a federal renewable electricity standard (RES) in the infrastructure package. Their goal would have the RES achieve a 100 percent renewable energy portfolio by 2030 for the US electrical grid, with at least a 25 percent carve-out for distributed renewable energy resources and storage.
The electric power sector emits one-third of US carbon emissions and the sector accounts for 50 percent of natural gas…