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U.S. Wind Tax Credit Extended in Fiscal Cliff Compromise
2013-01-02 17:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Yale Environment 360: The last-minute tax deal brokered by U.S. lawmakers to avert the so-called fiscal cliff included a one-year extension of the wind energy tax credit, a subsidy that industry officials say is critical for the growth of the wind energy sector. The bill, which now awaits President Obamas signature, preserves the 2.2-cents-per-kilowatt-hour credit for all wind energy projects that begin construction in 2013, allowing projects that are not completed until 2014 to qualify, as well. While the wind energy...
Tags: credit
tax
extended
wind
Fiscal fiasco bright spot: 2013 will be a huge year for wind
2013-01-02 16:43:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: You have probably heard by now that Congress has voted through a bill that will avert the absurdly named "fiscal cliff." I`ll leave it to other blogs to get into the details. (Suzy Khimm has a nice rundown.) I`ll also leave it to others to lament the absurd way in which this country is governed. I just want to focus on one bright spot that hasn`t gotten much coverage. Part of the bill was a one-year extension of several stimulus tax credits. Among them was the production tax credit (PTC) that...
US: Congress avoids fiscal cliff
2013-01-02 13:12:00| Daily apparel & textile news and comment - from just-style.com
The US Congress has reached an agreement with the White House to avoid the "fiscal cliff", a combination of tax increases and across-the-board spending cuts set to come into effect from the beginning of January, which were threatening to push the country into recession.
Tags: fiscal
congress
cliff
avoids
Shares rally on US fiscal deal
2013-01-02 11:29:14| BBC News | Business | UK Edition
Markets in Europe gain after a short-term deal to stave off the so-called US fiscal cliff was reached, averting spending cuts and tax increases worth $600bn (370bn).
Tags: deal
fiscal
shares
rally
'Fiscal cliff' deal edges wind energy industry back from the precipice
2013-01-02 11:16:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The dramatic Congressional negotiations to avert the so-called 'fiscal cliff' crisis ended yesterday with a major boost to America's wind energy industry in the form of an extension of the crucial Production Tax Credit (PTC) for wind farm developers. The bill, which also extends tax cuts for all but the richest Americans and again delays spending cuts, provides a year-long extension to both the PTC and Investment Tax Credits aimed at offshore and community-owned wind energy projects. It ensures...
Tags: back
industry
energy
deal
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