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☆ California proposes its own EV buyer credit — which could cut out Elon Musk's Tesla
▼ + stars: | 2024-11-26 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +4 min

Gavin Newsom plans to revive California's EV rebate if Trump ends the federal tax credit. Tesla sales in California, the US's largest EV market, have recently declined even as overall EV sales in the state have grown. Elon Musk, who has expressed support for ending the federal tax credit, said in an X post it was "insane" for the California proposal exclude Tesla. The federal electric vehicle tax credit, which was passed as part of the Biden administration's Inflation Reduction Act in 2022, provides a $7,500 tax credit to some EV buyers. The Tesla CEO said on an earnings call in July that ending the federal tax credit might actually benefit the company.

Persons: Gavin Newsom, Tesla, Elon Musk, Donald Trump, Newsom, Trump, He's, Musk, Graham Rapier, — Organizations: Trump, California Gov, Trump Administration, Reduction Fund, Bloomberg News, Business, Car Dealers, EV, Hyundai, BMW, Biden, Department of Government Locations: California, Trump's

☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ The Biden administration is giving entrepreneurs a shot at loans up to $2 million for climate-focused projects
▼ + stars: | 2024-07-25 | by ( John Towfighi | ) www.businessinsider.com time to read: +4 min

The Small Business Administration is expanding its loan programs to support investments in clean energy and climate-friendly businesses. It is also creating an application process for lenders to expand their loan size up to $2 million for climate-focused projects or $1 million for general projects. SBA loans, provided through banks or other financial institutions, help entrepreneurs raise capital. 7(a) loans provide long-term financing up to $5 million for general small business investments and are offered through most banks. Under the Biden administration, there have been 18 million small business applications.

Persons: Isabel Guzman, Guzman, Katie Frost, —, Biden, SBA's, Michael S, Regan Organizations: Service, Business Administration, SBA, Business, Community, Biden, Environmental Protection Agency

WASHINGTON, July 14 (Reuters) - The U.S. Environmental Protection Agency on Friday launched two competitive grant programs with $20 billion in funding that aim to spark clean energy investments across the country especially in low-income communities. A $6 billion Clean Communities Investment Accelerator competition will provide grants to support up to seven nonprofit groups that will deliver funding and technical assistance to build the clean financing capacity of local lenders working in lower income and disadvantaged communities. Not everyone supports the green bank, which stemmed from the IRA legislation's $369 billion in incentives for fighting climate change that no Republicans voted for. In June, the administration launched a $7 billion grant program to give low-income communities access to residential solar panels. The deadline for applying to the programs launched on Friday is Oct. 12.

Persons: Joe Biden's, Kamala Harris, Michael Regan, Gary Palmer, Timothy Gardner, Lincoln, Frances Kerry Organizations: Environmental Protection Agency, Reduction, Clean Investment, Communities Investment, Republicans, U.S, Thomson Locations: Michigan, Maryland

[1/2] Workers lift a solar panel onto a roof during a residential solar installation in Scripps Ranch, San Diego, California, U.S. October 14, 2016. "This historic boost in solar investments will advance millions of residential solar projects nationwide, protect people and the planet, deliver environmental justice," said EPA Administrator Michael Regan. Regan announced the launch of the "Solar for All" grant program in Vermont, where he joined Independent Senator Bernie Sanders to tour a residential solar project. The awards will help communities develop low-income solar programs that will provide financing and technical assistance like workforce development and ensure that low-income households receive the benefits of rooftop solar, including household savings, community ownership and energy resiliency. The program will guarantee a minimum 20% total electricity bill savings for households.

Persons: Mike Blake, Biden, Michael Regan, Regan, Bernie Sanders, Valerie Volcovici, Aurora Ellis Organizations: Workers, Scripps, REUTERS, WASHINGTON, Environmental Protection Agency, Wednesday, Alaska Natives, Reduction, Independent, Clean Investment Fund, Communities Investment, Thomson Locations: Scripps Ranch, San Diego , California, U.S, Americans, Vermont

WASHINGTON, March 30 (Reuters) - The U.S. House of Representatives on Thursday passed a Republican energy reform bill intended to bolster U.S. oil and gas production while scaling back climate initiatives, the first major legislation of House Speaker Kevin McCarthy's majority. The House passed the Lower Energy Costs Act by a mostly partisan 225-204 vote. The bill would deliver on a top 2022 Republican campaign pledge to lower Americans' energy costs but faces little chance of making it through the Democratic-led Senate, where Majority Leader Chuck Schumer has declared it "dead on arrival." "The Senate is not going to waste our time on a bill that sets America back decades on our transition to clean energy," Schumer said in a Senate speech shortly before the House vote. Party disagreement over the House bill partly reflected gaping divisions over how to streamline permitting for energy projects, a goal otherwise shared by both Republicans and Democrats.

☆ US House Republicans face unity test with major energy bill
▼ + stars: | 2023-03-30 | by ( David Morgan | ) www.reuters.com time to read: +4 min

WASHINGTON, March 30 (Reuters) - The Republican-controlled U.S. House of Representatives is expected to vote on its first major legislation of the year on Thursday, a partisan energy bill that poses an early test of unity for House Speaker Kevin McCarthy's majority. The 175-page measure, dubbed the Lower Energy Costs Act, represents a top 2022 Republican campaign pledge to lower Americans' energy costs by scaling back Democratic President Joe Biden's climate policies and increasing oil and gas production through deregulation. 1 - House Resolution One, is the most important bill to this Congress," Republican Representative August Pfluger of Texas told reporters. Both Republicans and Democrats are keen to pass legislation that streamlines permitting for energy projects, but the disagreement over the House bill reflects gaping divisions over how to do that. "It does absolutely nothing to lower energy costs for American families.

WASHINGTON, March 27 (Reuters) - U.S. President Joe Biden would veto a Republican energy legislation package if it were to pass Congress, citing cost increases that the legislation could lead to, the White House said on Monday. 1 (Lower Energy Costs Act) would double the cost of energy efficiency upgrades that families need to reduce household bills and would repeal the Greenhouse Gas Reduction Fund that will cut energy costs and boost economic development in rural and urban communities across the country," the White House said. Republicans plan to bring the legislation to the floor of the House of Representatives, where they hold a slim majority, for a vote this week, Representative Elise Stefanik, who chairs the House Republican Conference, said on Monday. Senate Majority Leader Chuck Schumer has said the House bill is "dead on arrival" in the Senate. But many senators want more moderate permitting legislation to expand the electricity transmission system and rapid build out of renewable power.

☆ Meet the GOP leaders in charge of critical House environmental committees
▼ + stars: | 2023-02-15 | by ( Emma Newburger | ) www.cnbc.com time to read: +9 min

Westerman, a representative for Arkansas's fourth congressional district, has a background in engineering and is a licensed forester. He's also introduced legislation to plant 1 trillion trees globally by 2050 in order to pull carbon out of the atmosphere. Cathy McMorris Rodgers, chair of House Committee on Energy and CommerceRep. Cathy McMorris Rodgers (R-WA) during a House Energy and Commerce Environment and Climate Change Subcommittee hearing on Capitol Hill on April 2, 2019 in Washington, DC. "We'll be focusing on promoting innovative technologies to facilitate our clean energy transition," Lucas told CNBC. Lucas said the committee would also conduct "robust oversight" of the spending being distributed to advance the country's clean energy sector.

☆ The U.S. passed a historic climate deal this year — here's a recap of what's in the bill
▼ + stars: | 2022-12-30 | by ( Emma Newburger | ) www.cnbc.com time to read: +11 min

The IRA's provisions have major implications for clean energy and manufacturing businesses, climate startups and consumers in the coming years. As 2022 comes to a close, here's a look back at the key elements in the legislation that climate and clean energy advocates will be monitoring in 2023. Taking aim at methane gas emissionsSome pumpjacks operate while others stand idle in the Belridge oil field near McKittrick, California. Mario Tama | Getty ImagesThe package imposes a tax on energy producers that exceed a certain level of methane gas emissions. And the bill has a hydrogen production tax credit, which provides hydrogen producers with a credit based on the climate attributes of their production methods.

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