Transferable Tax Credits Market Means More Clean Energy Funds.

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  • Author(s): Aldy, Joseph E.
  • Source:
    Environmental Forum. May/Jun2024, Vol. 41 Issue 3, p15-15. 1p.
  • Additional Information
    • Subject Terms:
      TAX credits; CLEAN energy; BOND market; TAX incidence; ENERGY tax
    • Abstract:
      The article explores how the Inflation Reduction Act (IRA) is revolutionizing clean energy funding by introducing transferable tax credits, potentially unlocking over a trillion U.S. dollars of support for renewable energy projects over the next decade. It discusses how the transferability of tax credits offers greater flexibility and lower transaction costs compared to traditional tax equity partnerships, leading to increased clean energy investment and substantial subsidies for developers.