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US subsidies for fuels and renewable energy, 2002-2008. The study, “Estimating US Government Subsidies to Energy Sources: 2002-2008”, found that fossil fuels benefited from approximately $72 billion over the seven-year period, while subsidies for renewable fuels totaled $29 billion. More than half the subsidies for renewables—$16.8
4853 , the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (“Middle Class Tax Relief Act of 2010”). The bill extends the Volumetric Ethanol Excise Tax Credit (VEETC) through 2011 at the current rate of $0.45/gallon Biodiesel and renewable diesel. Refined Coal.
8) passed by the US Senate on New Year’s Day by a vote of 89 - 8 to avoid the across-the-board increase in taxes currently called for by the “fiscal cliff” are a number for energy tax benefits. Incentives for biodiesel and renewable diesel are extended to 31 December 2013.
Efforts to shift away from fossil fuels and replace oil and coal with renewable energy sources can help reduce carbon emissions but do so at the expense of increased inequality, according to a new study by researchers at Portland State University (PSU) and Vanderbilt University. —Julius McGee.
The power sector has become less carbon-intensive as natural gas-fired generation displaced coal-fired and petroleum-fired generation and as the noncarbon sources of electricity generation—especially renewables such as wind and solar—have grown. In 2005, noncarbon sources accounted for 28% of the US electricity mix.
Pie charts show the proportion of different types of energy sources generating power and flowing between load areas if there were a carbon tax of $70 per ton. Their analysis also found that current renewable portfolio standards (RPS) are insufficient to meet emission reduction targets by 2030 without new policy. Click to enlarge.
In the United States, the American Recovery and Reinvestment Act expanded a $7,500 consumer tax credit for electric vehicles and included $2.4 Initial research priorities will be building energy efficiency, clean coal including carbon capture and storage, and clean vehicles. Renewable Energy Partnership. 21 st Century Coal.
The proposal was drafted as two measures, the Climate Protection Act —which sets the carbon price and finance programs for sustainable technologies—and the Sustainable Energy Act —which ends federal support for fossil fuel companies and research and extends tax incentives for renewables.
Duke Energy, one of America's largest electric utilities, will explore a variety of renewable and other clean-energy technologies with China Huaneng Group , China’s biggest electric utility, as part of a Memorandum of Understanding signed in Beijing. which is scheduled to go online in 2012.
However, where applicable, an equivalent carbon price will be applied through changes in fuel tax credits or excise. More than 50% of the funds raised from the carbon price will be used to fund tax cuts, pension increases and higher family payments. Increasing the tax-free threshold and cutting taxes also boosts incentives to work.
It will continue with the introduction of an environment tax in the form of higher tax rates on fossil fuels depending upon the degree of CO 2 associated, in FY 2011.
For the report, central-station generation refers to >100 MW, with the exception of some renewable-resource-based technologies. impacts on existing generating plants from pending or anticipated environmental rules on emissions, use of water resources, and coal ash handling and disposal.
A new report shows that building new renewable power can be cheaper than running old coal plants. Automakers join forces to lobby for extending electric-car tax credits. California regulatory documents show range estimates for the new Subaru Crosstrek Hybrid. And California preps for half a million electric cars.
Large scale production of methanol from natural gas and coal is a well-developed. Sufficient feedstock of natural gas and coal exists to enable the use of non-renewable methanol as a transition fuel to renewable methanol from biomass, they suggested. transitioned to the renewable methanol. use could be developed.
A paper by a team from the University of Chicago and MIT suggests that technology-driven cost reductions in fossil fuels will lead to the continued use of fossil fuels—oil, gas, and coal—unless governments pass new taxes on carbon emissions. for oil, 24% for coal, and 20% for natural gas. —Christopher Knittel.
Direct, high yield, low energy, carbon negative transformation of carbon dioxide into the strongest material known, carbon nanotubes, is of importance as it incentivizes its consumption into a useful, stable product, to bypass the need for carbon levies or taxes and lower release of this global warming gas into the environment.
It’s a major step in the utility’s push to ditch coal and move to renewable energy across the Upper Midwest. The solar farm is being built on the site of the Sherburne County Generating Station ( Sherco ), Minnesota’s largest coal-fired power plant. Sherco Solar is expected to cost around $1.1 Get started here.
billion in tax subsidies for oil, coal and gas industries. billion is provided for energy efficiency and renewable energy programs, an increase of $113 million over the 2010 appropriation, including: $325 million for advanced vehicle technologies. increase over FY 2010 estimates. This step is estimated to generate more than $38.8
TerraPower and PacifiCorp announced efforts to advance a Natrium reactor demonstration project at a retiring coal plant in Wyoming. The technology provides dispatchable power at a scale that can make a difference in efforts to decarbonize electricity and stabilize grids with high penetrations of renewables.
It’s the 2nd biggest product Exxon/Mobil and their pals in the oil, coal and gas industries pump out. The Global Warming Deniers Movement was created to use FUD to stop people from doing things that would cause them to burn less oil, coal and gas. Uncertainty. And yes every single person in that movement is a hapless dupe.
President Obama used his last State-of-the-Union (SOTU) address of his term to outline four main elements of a blueprint for an “ economy that’s built to last: an economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values. ”. nuclear, and 10% renewable. . :
Propane is also an approved alternative fuel under the Energy Policy Act of 1992 and qualifies for several alternative fuel vehicle tax incentives. Renewable propane. In addition to being an alternative fuel, Perkins noted, propane may also be able to be produced as a renewable fuel. primarily produce bio-propane.
But even if you don’t, I’d like to share my take on carbon cap and trade vs carbon taxes with you after the jump… . Everyone, without exception will pay a carbon tax in one form or another. Tags: Environmental Politics Killer Coal Saving Energy Yes We Can!
The plan also calls for accelerating the permitting for renewable power generation on public lands and upgrading the grid. Burning natural gas is about one-half as carbon-intensive as coal, which can make it a “bridge fuel” for many countries as the world transitions to even cleaner sources of energy. Energy Efficiency.
Developing an infrastructure renewal plan that integrates climate preparedness and other benefits to the US’ economy./p>. The PCAST letter suggests as worthy of consideration: Leveling the playing field on access to capital through special tax benefits.
Natural gas overtakes coal as the largest fuel for US electricity generation. In some areas, natural gas-fired generation replaces power formerly supplied by coal and nuclear plants. In 2040, natural gas accounts for 35% of total electricity generation, while coal accounts for 32%.
A new report from the National Research Council examines and, when possible, estimates, “hidden” costs of energy production and use—such as the damage air pollution imposes on human health—that are not reflected in market prices of coal, oil, other energy sources, or the electricity and gasoline produced from them. cents per kWh.
Energy efficiency improvements and the increased use of renewables are other key factors that moderate the projected growth in energy-related greenhouse gas emissions. Coal remains the dominant energy source for electricity generation because of continued reliance on existing coal-fired plants. trillion cubic feet in 2009 to 9.4
Bartis and RAND colleague Lawrence van Bibbe were the authors of a 2011 RAND report concluding that if the US military increased its use of alternative jet and naval fuels that can be produced from coal or various renewable resources, including seed oils, waste oils and algae, there would be no direct benefit to the nation’s armed forces.
GHG emissions from electric driving depend most on the fuel type (coal or natural gas) used. in the generation of electricity for charging, and range between 0 g/km (using renewables) and. 155 g/km (using electricity from an old coal-based plant). At 30% penetration of EVs, off-peak charging would result in a.
We can remain one of the world’s leading importers of foreign oil, or we can make the investments that would allow us to become the world’s leading exporter of renewable energy.&# The new $2.4-billion
by enacting a carbon tax or setting emission limits for each source type (“command-and-control)—the option to use offsets is generally discussed in the context of a cap-and-trade regime. coal-fired power plants) would either be required by the emissions cap. 2) Examples of Renewable Energy Projects. TYPES OF OFFSETS.
There are four guidelines to follow: Refrain from using or burning oil, gas or coal. If an EV is charged with electricity that is generated from renewable sources (such as solar, wind, geothermal, or hydroelectric), then there are no fossil fuel emissions associated with that charging or driving process. of total U.S.
Photo: The Nature Conservancy The Nature Conservancy ( TNC ) and the Cumberland Forest Limited Partnership are turning former Appalachian coal mines into clean energy hubs. This latest announcement builds on previous first-round work by TNC, Sun Tribe, and Dominion Energy to bring renewable energy to Appalachia. Get started here.
Feebates,” rebates to purchasers of high-fuel-economy vehicles balanced by a tax on low-mpg vehicles is a complementary policy that would assist manufacturers in selling the more-efficient vehicles produced to meet fuel economy standards. High fuel prices, whether due to market dynamics or taxes, are effective in reducing fuel use.
The bill provides assistance to those Americans who may be disproportionately affected by potential increases in energy prices through tax cuts and an energy refund program. Significant tax incentives encourage the conversion of trucks and heavy-duty fleets to natural gas vehicles. Decreasing Dependence on Foreign Oil.
Blow the tops off all those mountains in Appalachia, burn that coal! The fossil and renewable energies cost curves will cross, but at lower volumes and higher prices than people like to think, and not all that soon. ” Wormald suggests that the current enthusiasm for EVs is a poor choice of time and circumstance.
It also made significant changes in the current plug-in vehicle tax credit program, including increasing the limit from a program total of 250,000 vehicles to a maximum of 200,000 plug-ins per manufacturer. Tax Credits for Plug-ins. The alternative motor vehicle credit is not allowed against the alternative minimum tax.
Indeed I am talking about Big Dick Cheney, who in addition to his many other immoral and criminal acts also shamelessly promoted the excessive use of oil, coal, gasoline and other fossil fuels by encouraging Americans to use all the energy they could afford to put on their credit cards. The Big Dick Cheney Effect.
I find it interesting that they, along with Edison have positioned themselves big advocates and pushers of solar – and you’d expect them to be since AB 32 mandates that 20% of our electric come from renewable energy next year and we’re only at 13.5% You pay your taxes on-line. You pay your corporate taxes on-line.
US net energy imports decline and ultimately end in most AEO2015 cases, driven by growth in US energy production—led by crude oil and natural gas—increased use of renewables, and only modest growth in demand. Renewables meet much of the growth in electricity demand. Total US primary energy consumption grows from 97.1
At a renewable energy conference in February of this year Doug Berven, the director of Corporate Affairs at ethanol producer POET, shared the following capacity projections for the ethanol business: At the beginning of this year the industry had 12.1 Our goal is to combine agriculture with renewable energy. Farmers’ Business Model. “
And I loved every minute of all that digging, discovering. reviewing, learning and translating it all into an easy-to-understand 15 minute presentation. I’ll be at the Palos Verdes Street Fair next weekend on behalf of the South Bay Environmental Services Center and you’re welcome to come by our booth and we can talk all about it.
On Friday, HR 4853, the Tax Relief, Unemployment Insurance Reauthorisation and Job Creation Act of 2010, was signed by US President Barack Obama. Firstly, the bill will extend the volumetric ethanol excise tax credit through 2011 at the existing rate of $0.45/gallon. It includes a number of provisions related to fuels.
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