9. RGGI’s Auctions Emission Credits
Utilities in the northeast bid $38.5 million for the right to emit 12.5 million tons of CO2, generating revenue that the states will be able to put toward climate change action. When I first got a glimpse of RGGI was skeptical but I am now convinced, States and Canadian provinces can come together and develop a regulatory framework. Real progress in regulating greenhouse gas emissions.
10. TARP (My Personal Favorite)
So the investment and renewable energy tax credits are on the verge of not passing in this congress and along comes the “Wall Street Bailout.” This makes the Pickens and Gore “initiatives” look predictable.
So the legislation passed by Congress and signed into law by President Bush had a $17 billion energy tax provision. TARP extends the 30% federal investment tax credit for both residential and commercial solar, small wind, ground-coupled heat pumps installations from 4 - 8 years. It also eliminates the $2,000 monetary cap for residential solar electric installations, an investment tax credit for water energy applications (tidal, wave, and ocean currents and thermal) and combined heat and power. The federal production tax credit was also extended for biomass power, geothermal and wind energy as well.
via:: Sustainable Life Media
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December 29th, 2008 at 10:55 am
Thank you for this post. Renewable energy is a term used to describe energy that is derived from resources, like the sun and the wind resources that are continually available to some degree or other all over the world. We never run out of them. And their use or capture does not inflict any material damage on the environment, but it seems it is affecting on the environment either direct or indirectly. We are the group working on Global Warming and Green World and spreading the benefits of this to many of them with the help of Internet and many sites… Recently i liked JustMeans.com, nice platform to share and debate on Green and Corporate Social Responsibility. Justmeans is where individuals can talk to organizations about their social and environmental initiatives and stay updated on CSR news and jobs. Please do spread the word and save the world.