Untangling tax credits: What are they and how do they work? скачать в хорошем качестве

Untangling tax credits: What are they and how do they work?

Summary In this episode of Navigating Carbon, Deb Ryan speaks with Dawn Lima, VP of Renewable Energy and Sustainable Technology at FOSS and Company. They discuss the intricacies of tax credits in the renewable energy sector, focusing on key credits such as 45Q for carbon capture, 45V for hydrogen, 45Y for geothermal energy, and 45Z for cleaner fuels. The conversation highlights the importance of these credits in driving investment and innovation in sustainable technologies, as well as the challenges and future outlook for the energy landscape. Takeaways • Tax credits have been used for over four decades to spur investment. • FOSS has facilitated $9 billion in transactions in the tax credit space. • The 45Q credit incentivizes carbon capture by rewarding CO2 sequestration. • Hydrogen development is still nascent, with many challenges ahead. • The 45Y credit supports geothermal and other tech-neutral projects. • The 45Z credit encourages cleaner fuel production with lower emissions. • AI growth is significantly increasing power demand in the U.S. • Regulatory changes create uncertainty for project financing. • Investment in renewable energy requires clear customer demand. • The future of energy will involve a mix of all energy sources.