The Treasury Department finalized rules for a major clean energy tax cut Wednesday.
The credit, extended by the 2022 Inflation Reduction Act, is a potential boon for offshore wind, geothermal, energy storage and other sectors. It’s in effect for projects that begin construction before Jan. 1, 2025, at which point the current energy tax code is overhauled with two “tech-neutral” clean energy perks passed in the IRA.
“The Inflation Reduction Act has given clean energy project developers clarity and certainty to undertake major investments and produce new clean power to meet growing electricity demand,” Deputy Treasury Secretary Wally Adeyemo said in a statement. “Today’s announcement will help lower consumers’ utility bills, strengthen U.S. energy security, and create good-paying jobs.”
Britain’s markets watchdog is working with overseas regulators to look at other stresses in the global financial system, such as leveraged hedge funds, its chief executive said on Wednesday, following
Press Release from Guernsey Finance, Thursday 16 May, 2024. Panellists at Guernsey’s Funds Forum 2024 praised Guernsey’s supportive environment for innovation, flexibility of company law, and
The European Green Bond Standard (EUGBS), a landmark regulatory framework for sustainable bonds, will take effect on 21 December 2024. Issuers may then use the “European green bond” or “EuGB”
The Hong Kong government has announced its 2024 budget plan. Initiatives for the financial sector include enhanced preferential tax regimes for family offices. Hong Kong’s 2024-25 budget plan was