ESG Investors Take Aim at Clean Energy Tax Credits to Meet Goals

Dozens of new and expanded clean energy tax credits are uniting ESG and tax executives as companies chase the credits to fulfill sustainability goals.

Tax incentives were included in the Inflation Reduction Act to accelerate the US transition into renewable energy—ranging from solar to electric vehicle tax credits. The IRA also provides a new way for clean energy developers to finance their projects also known as transferability—where developers can sell the tax credit at a discount to another company that wants to offset some taxes.

C-suites, government relations, and sustainability executives—who advise corporations on tying investments to environmental, social ...