Read the full article and a summary of all tax-related OBBB provisions in Forbes here.
Post
Insurance Against Disaster: How Parametric Insurance Is Helping Communities
When Cyclone Freddy swept through southern Africa in 2023, the physical destruction and loss of life weren’t the only things communities endured. For many, the hardship persisted long after the storm had passed, while communities waited for help to arrive.
Post
How Will an International Visitor Surcharge Benefit Our National Parks?
Approximately 14.6 million travelers from other countries visit America’s national parks annually. Now, the U.S. Department of the Interior is proposing a surcharge so that these visitors pay a little extra for park entrance fees.
Post
Solar Stocks Plunge as Senate Bill Ends Key Tax Credits Early
Shares of US solar companies fell sharply after Senate Republicans released a bill that would end clean energy tax credits earlier than expected, dashing hopes that major cuts passed by the House wouldn’t stick. Sunrun Inc., the largest US rooftop panel installer, plunged as much as 38%. SolarEdge Technologies Inc. fell 31%. Enphase Energy Incslid 21%. The new...
Post
Snapshot of China’s critical mineral export controls
Global automakers are sounding the alarm on an impending shortage of rare earth magnets as China’s restrictions on the material vital for the automotive, defence and clean energy industries threaten production delays around the world. German automakers became the latest to warn that China’s export restrictions threaten to shut down production and rattle their local economies,...
Post
Economic impacts of EU nuclear energy expansion assessed
A nuclear power generating capacity of 200 GWe would reap widespread economic benefits throughout the EU, sustaining almost two million jobs and hundreds of billions in additional economic output, tax revenues and household income, according to a report commissioned by Brussels-based nuclear trade body Nucleareurope. Nucleareurope commissioned Deloitte to analyse the contribution of the nuclear power...
Post
Opinion: Tax credits with a scalpel — how to boost American energy without killing innovation
Just days after I was sworn into Congress in 2017, I found myself in the thick of negotiations over the Tax Cuts and Jobs Act. Republicans passed the bill within a month, and I returned to Utah eager to tell small-business owners and manufacturers about the historic tax relief they could expect. As I shared...
Post
DOE Scraps $3.7B in OCED Projects, Upending Carbon Capture Progress at Power Plants
The Department of Energy’s (DOE’s) abrupt termination of 24 previously awarded projects—including four prominent power-related carbon capture projects— will rescind $3.7 billion in financial assistance from its Office of Clean Energy Demonstrations (OCED). In a terse press release on May 30, the DOE cited “a thorough and individualized financial review” in its justification for canceling the awards, asserting...
Post
The Trump Administration Confirms It Wants to Privatize Energy Star
The Trump administration wants to privatize the popular Energy Star program, which sets government standards for energy-efficient appliances, Environmental Protection Agency administrator Lee Zeldin confirmed Tuesday. “This program is an example of one that can be run outside of government,” Zeldin told House members during a budget hearing. “I’ve actually had multiple entities reach out...
Post
China’s head start on clean energy is shaping the debate on the Republicans’ megabill
Read the article in Politico here.