News & Analysis as of

Renewable Energy Carbon Capture and Sequestration Nuclear Power

Mitchell, Williams, Selig, Gates & Woodyard,...

Treasury, Internal Revenue Service Issue Final Regulations for Transfer of Energy Credits

On April 25, 2024, the U.S. Department of Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations regarding the transfer of energy tax credits under the Inflation Reduction Act of 2022 (IRA)....more

Latham & Watkins LLP

UK Energy Act 2023 - What to Know About the Landmark Act

Latham & Watkins LLP on

The Act demonstrates the UK’s renewed commitment to reaching net zero and paves the way for players in key industries to achieve their targets. On 26 October 2023, the UK Energy Act 2023 (the Act) received Royal Assent....more

White & Case LLP

Japan’s Long-Term Decarbonization Power Source Auction

White & Case LLP on

The first "Long-Term Decarbonization Power Source Auction" (the "Auction") is expected to start in Japan in January 2024. The Auction will provide a 20-year fixed revenue for newly developed power sources that contribute to...more

Spilman Thomas & Battle, PLLC

An Uncertain Future for Nuclear Generation

As countries and companies around the world set goals for renewable energy targets, there is constant uncertainty as to the best path for reaching these goals. While wind and solar development are often top of mind, nuclear...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

Wiley Rein LLP

Treasury Requests Comments for Upcoming Guidance on Energy Tax Benefits in the Inflation Reduction Act

Wiley Rein LLP on

The U.S. Treasury Department (Treasury) and the Internal Revenue Service (IRS) published six notices on October 5, 2022, requesting comments on various provisions in the Internal Revenue Code (Code) related to energy tax...more

Husch Blackwell LLP

A Guide to the Renewable Energy Provisions of the Inflation Reduction Act of 2022

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On August 16, 2022, President Joseph Biden signed into law the Inflation Reduction Act of 2022 in what many have called the largest investment in climate change countermeasures in U.S. history....more

Proskauer - Tax Talks

A Summary of Inflation Reduction Act’s Main Energy Tax Proposals

Proskauer - Tax Talks on

On August 7, the Senate passed the Inflation Reduction Act of 2022 (the “IRA”). The IRA contains a significant number of climate and energy tax proposals, many of which were previously proposed in substantially similar form...more

A&O Shearman

Historic Climate Change Bill Gains New Support

A&O Shearman on

On July 27, 2022, Senator Joe Manchin of West Virginia, a key vote in the United States Senate, announced that he would support legislation providing $369 billion for climate and clean energy action in what could be the most...more

King & Spalding

Infrastructure Bill Paves the Way for New Energy Investments and Technology

King & Spalding on

In November 2021, “[t]he United States House of Representatives passed the Infrastructure Investment and Jobs Act, a once-in-generation bipartisan infrastructure bill that will create millions of jobs, turn the climate crisis...more

Hogan Lovells

UN Report Trumpets Nuclear as Having the Lowest Greenhouse Gas Emissions of Any Electricity Generation Source, Among Other...

Hogan Lovells on

The UN Economic Commission for Europe (UNECE) recently released a report entitled “Life Cycle Assessment of Electricity Generation Options” (UNECE Report; Report). The Report analyzes the environmental profiles of the full...more

Vinson & Elkins LLP

House Passes Build Back Better Reconciliation Bill

Vinson & Elkins LLP on

Early on November 19, 2021, the House passed H.R. 5376, the Build Back Better Act (the “Act”) along partisan lines. Passage came after the Congressional Budget Office released projections on the overall net cost of the...more

Husch Blackwell LLP

Key Takeaways for Energy Companies from the Infrastructure Investment Jobs Act

Husch Blackwell LLP on

On November 15, 2021, President Biden signed into law the Infrastructure Investment and Jobs Act, a monumental $1.2 trillion bipartisan infrastructure bill. Given its wide scope, the bill will drive remarkable activity and...more

Holland & Knight LLP

The Green Book and Green Energy

Holland & Knight LLP on

Since the beginning of his presidential campaign, President Joe Biden has made clear his vision to drive the United States toward world leadership in green energy. With tax policy long an important tool in the toolbox for...more

Morgan Lewis

Congress Updates US Energy Policy, Incorporates Energy-Related Tax Provisions Through Consolidated Appropriations Act, 2021

Morgan Lewis on

The US Congress has adopted the first extensive update to US federal energy policies in over a decade in the Energy Act of 2020 (Energy Act), which President Donald Trump signed into law on December 27 as part of the...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 41, October 2020

U.S. Department of Energy: Oil and Gas Production to Account for 68 Percent of Energy Consumption Over Next Two Decades - "Natural gas is increasingly powering plants to produce electricity, but oil and natural gas are...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

Allen Matkins

Renewable Energy Update - May 31, 2011

Allen Matkins on

In This Issue: Spurred by report, California Assembly approves clean energy bill; RENEWABLE ENERGY FOCUS Report: Renewables, updated grid necessary to reduce GHGs in California; Analysis: California could generate 7% of its...more

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