Solar power farm.
In my conversations with sustainability focused executives at large companies, I am often curious to ask how they get their counterparts in other divisions to care aboutand emissions reduction. Knowledge about climate change is mixed, and addressing it is rarely part of the job description.
This week, Schneider Electric, the French multinational firm focused on energy management, is pitching a climate solution designed to get CFOs and finance departments excited: an innovative way to take advantage of new tax incentives in the U.S.The company announced this week that it has partnered with Engie, a French utility company, on the buildout of four clean energy projects in Texas. Schneider has agreed to pay Engie $80 million to buy access to the tax credits associated with the project.
Schenider hopes the deal will raise eyebrows for CFOs who are, by design, laser-focused on the bottomline. Before the IRA, many of the clean energy tax incentives were too complicated to pursue except for project developers themselves and a few of the world’s largest firms. The IRA’s provisions, which the Treasury Department provided guidance on last June, expand the potential pool of corporate participants from dozens to hundreds.
There are lessons here beyond the details of this particular agreement. For one, the deal is a reminder of how important it is to adapt how we think and talk about climate change to the priorities of a range of jobs. And it’s also a reminder of the variety of new opportunities created by the IRA for companies to advance decarbonization while turning a profit—though some of them require thinking a little differently as the Schneider deal illustrates.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Enea Bastianini: New aero ‘80% better’, unofficial lap record made with ‘new fairing’Enea Bastianini says Ducati’s new fairing and exhaust is a step forward on the 2023 bike.
Weiterlesen »
Bedrock Sandals Drop all-new Cairn EVO Line Plus New Color for Suede Mountain ClogsToday Montana's Bedrock Sandals drops a whole new Cairn EVO line of sandals plus a new colorway for their Mountain Clog.
Weiterlesen »
New bone tool could offer speedy screening for new treatments targeting pain in osteoarthritisResearchers at St George's, University of London have developed a simple tool to measure irregularities in the cartilage and bone tissue of people with osteoarthritis, which aims to speed-up screening for tissue changes and testing new treatments for those with chronic pain.
Weiterlesen »
Jason Manford to join cast of BBC’s Waterloo Road as new Headteacher Mr SavageNew series will also welcome new students to the school
Weiterlesen »
A variety of new batteries are coming to power EVsAll use different chemistries for cost or performance
Weiterlesen »
EPA Excludes Existing Gas-Fired Power Plants From New Emissions RuleThe Environmental Protection Agency has removed existing gas-fired power plants from a proposed regulation that is designed to reduce emissions.
Weiterlesen »