Bloomberg Law
Nov. 30, 2020, 10:30 AM

Incentives Spur Investors to Pick Up Pace on Low-Carbon Projects

Dean Scott
Dean Scott

A mix of federal and state environmental incentives are drawing investors towards low-carbon, climate-friendly projects, an encouraging sign for President-elect Joe Biden’s call to drastically cut U.S. carbon emissions.

Companies for decades have used tax credits to drive down the cost of wind and solar power. More recently, similar credits have reduced the cost and risk to private capital of investing in projects to capture and store carbon dioxide emissions. More than 30 carbon capture projects in the U.S. were announced in the wake of a 2018 budget law that boosted a federal tax incentive.

Investors are now looking ...

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