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Biden administration sets new clean energy funding framework

Biden administration sets new clean energy funding framework

The Biden administration has finalized tax rules, opening avenues for non-profits to develop low-carbon projects.

Brian Dabbs reports for E&E News.

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Romanian gas pipeline is being backed by the EU's tax funds

The European Union is using taxes on pollution to fund a gas pipeline in Romania, claiming it will reduce emissions compared to coal.

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Texas will bill electric vehicle drivers an extra $200 a year

The new registration fee is meant to make up for the state’s lost revenue from gasoline taxes that are used to pay for road construction and maintenance.
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Texas and others create 'punitive' barriers to EV transition

Electric vehicle drivers in Texas have started to get some bad news in the mail. Starting in September, they’ll have to pay the state an extra $200 each year to register their climate-friendly cars and trucks. And if they want to buy another EV, that will cost $400 upfront.

climate energy electric vehicles
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Tesla’s second quarter sales and deliveries rise as tax credits fuel demand

Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
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A wealth tax could help poorer countries tackle climate crisis, economists say

Taxing world’s wealthiest people could help poorer countries shift economies to low-carbon and recover from climate damage.

EV incentives climate solutions
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We should pay people for driving EVs, not for buying them

The current design of government subsidies for purchasing electric vehicles (EVs) isn’t economically efficient, according to a new analysis. The study suggests that replacing broad-based subsidies with more targeted rather ones would offer a bigger carbon-savings bang for the public buck.