News & Analysis as of

Federal Funding Carbon Capture and Sequestration

BCLP

Beyond the £22BN Pledge: What the UK Needs to Do to Develop Its Carbon Capture, Usage and Storage Industry

BCLP on

Last week, the UK Government pledged £22 billion towards the development of the carbon capture, usage and storage (CCUS) industry in the UK. This is a significant step towards achieving net-zero emissions by 2050. ...more

Latham & Watkins LLP

German Federal Government Lays Foundation for CCS in Germany

Latham & Watkins LLP on

The key principles for a Carbon Management Strategy and draft act on the revision of the Carbon Storage Act create new opportunities for investors and project developers. The German Federal Government’s Carbon Management...more

Holland & Knight LLP

Treasury Department and IRS Release Direct Pay and Transferability Guidance

Holland & Knight LLP on

The U.S. Department of the Treasury and IRS on June 14, 2023, released two notices of proposed rulemaking (NOPRs) regarding the direct payment of tax credits under Section 6417 of the Internal Revenue Code (Elective Payment...more

Latham & Watkins LLP

UK “Green Day” - Key Policy Measures Announced to Fuel Investment in Green Energy and Achieve Net Zero

Latham & Watkins LLP on

The UK government has unveiled a number of measures with the overall purpose of reaching net zero by 2050 and meeting the UK’s climate targets. On 30 March 2023, on what has been called the UK’s “green day”, the UK...more

Pillsbury Winthrop Shaw Pittman LLP

Department of Energy Announces $6 Billion Funding Opportunity for Industrial Decarbonization and Emissions Reduction Projects

Concept papers are due on April 21, 2023, and full applications are due on August 4, 2023. The Department of Energy will provide up to approximately 65 total awards, with up to $6 billion in total funding, for projects...more

Morgan Lewis - Power & Pipes

$1.2B DOE Funding to Promote Development of Regional Direct Air Capture Hubs

On December 13, 2022, the Department of Energy’s Office of Fossil Energy and Carbon Management released a Funding Opportunity Announcement (FOA) to make available up to $1.236 billion of funding to promote the development of...more

WilmerHale

Inflation Reduction Act: Environmental Provisions

WilmerHale on

The Inflation Reduction Act (IRA), the Biden Administration’s signature legislative achievement, includes several provisions aimed at fighting climate change by reducing greenhouse gas (GHG) emissions. The law represents the...more

Jones Day

Enacting President Biden's Infrastructure Bill: Opportunities in The Infrastructure Investment and Jobs Act

Jones Day on

The Road Towards Better Infrastructure On November 15  2021, President Biden signed into the law the long-awaited Bipartisan Infrastructure Framework, The Infrastructure Investment and Jobs Act ("IIJA")....more

Mayer Brown

US – Storing CO2 And Lowering Emissions (SCALE) Act

Mayer Brown on

On March 17, 2021, U.S. Senators Chris Coons (D-Del.) and Bill Cassidy, M.D. (R-La.) and U.S. Representatives Marc Veasey (D-Texas) and David McKinley (R-W.Va.) introduced the Storing CO2 And Lowering Emissions (SCALE) Act. ...more

Holland & Knight LLP

Energy Policy Act Signals Inclusive, Innovation-Focused Future for DOE

Holland & Knight LLP on

President Donald Trump signed into law on Dec. 27 H.R. 133, an end-of-year legislative package that paired the long-awaited Energy Act of 2020, reauthorizing a number of U.S. Department of Energy (DOE) programs, with a...more

Holland & Knight LLP

2020 Clean Energy Outlook

Holland & Knight LLP on

The flurry of activity at the end of 2019 demonstrates that congressional support for clean energy research and development (R&D) remains strong, as evidenced by level or increasing budgets for most of the relevant programs...more

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