Federal
- The potenital for any law intended to stimulate new business opportunities and reduce Greenhouse Gas (GHG) emissions is dependent upon effective deployment and implementation of the law. An agency's authority and an expanded budget to, for instance, boost economic activity and reduce GHG emissions are useless tools until those tools are leveraged by, broadly speaking, members of a community. The sample of federal laws that follow this note is for illustrative purposes only. To learn more about leveraging the law to stimulate clean energy business, contact me to arrange a consultation.
- 26 U.S. Code 45 (providing a tax credit for production of electricity from renewable sources and applying to facilities generating electricity from wind, biomass, geothermal, solar, small irrigation, landfill and trash, hydropower, and marine and hydrokinetic renewable energy.with bonus credits for projects meeting prevailing wage requirements).
- 26 U.S. Code 45Y (providing a technology-neutral tax credit for production of clean electricity; replaceing the production tax credit for electricity generated from renewable sources (§45) for facilities placed in service in 2025 and later with bonus credits for projects meeting certain prevailing wage requirements).
State
- The sample of state laws that follow is for illustrative purposes only. To learn more about leveraging the law to stimulate clean energy business, contact me to arrange a consultation.
- Carbon-free standard, Minnesota Session Law 2023, Chapter 7, Section 10, amends Minn. Stat. § 216B.1691 (requiring by the end of the year 2030, 2035 and 2040, 80 percent, 90 percent and 100 percent respectively electricity generated from defined carbon-free energy technology).
- Minnesota Forward, Minnesota Session Law 2023, Chapter 53, Article 21, Section 2 (establishing Minnesota Climate Innovation Authority Account to stimulate the development of clean energy and greenhouse gas emissions reduction projects by using innovative financing tools to leverage private and public capital to overcome the market barriers that inhibit the financing of these projects).
