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.”
South Korea is preparing to lift its ban on institutional cryptocurrency trading, signalling a significant shift in the country’s crypto market. The Financial Services Commission (FSC), South Korea’s
In a world where financial secrecy has often been synonymous with offshore havens, the Cayman Islands has emerged as a beacon of transparency and compliance. This is a tale not of hidden treasures but
Press Release from: Carey Olsen, Wednesday 17 January, 2024. Lawyers from Carey Olsen’s corporate team have acted as Jersey counsel for long standing client, Wentworth Resources plc (“Wentworth”),
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution, announced the release of a draft update of the Hong Kong Taxonomy for Sustainable Finance – its classification system