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Md., D.C. utilities pay paper mills burning black liquor for alternative fuel credits

2013-02-23 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Post: When Maryland and the District set floors requiring electric utilities to use increasing amounts of renewable energy, environmentalists cheered the prospect of money going to new solar and wind projects. But today, several years after the legislation went into effect, it has had an unexpected outcome. Thanks to a wrinkle in the definition of renewable, the lion's share of the money used to meet those standards is flowing to paper companies that burn "black liquor,' a byproduct of the wood-pulping...

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Man sentenced to more than 12 years in prison for selling $9 million in fraudulent renewable fuel credits

2013-02-23 14:30:33| Green Car Congress

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Illinois corporate tax credits swelled to $161 million 2011

2013-02-16 11:09:52| Industrial Machines - Topix.net

When lawmakers raised taxes on Illinois residents and businesses, they also increased corporate income tax breaks for a select group of companies.

Tags: million corporate tax credits

India: Tata Power can now trade carbon credits earned from Gujarat plant

2013-02-01 09:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Press Trust of India: Tata Power today said its 25 MW solar project in Gujarat has been registered under the United Nations Clean Development Mechanism, a move that would allow the company to trade carbon credits from the plant. "This allows the company to trade Certified Emission Reductions (CERs) it would earn from the renewable energy project," Tata Power said in a statement. It is the company`s second project, after the 50.4MW Khandke wind farm in Maharashtra, to get registered under the Clean Development Mechanism...

Tags: power trade india credits