ERROR 1
ERROR 1
ERROR 2
ERROR 2
ERROR 2
ERROR 2
ERROR 2
Password and Confirm password must match.
If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)
ERROR 2
ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.
Federal energy-related tax breaks would be redirected to support businesses that reduce greenhouse gas emissions under a legislative discussion draft released last week by Sen. Max Baucus (D-Mont.), Senate Finance Committee chair. The draft, he says, incorporates proposals from 14 senators and would tie technology-neutral tax incentives to emissions. For instance, an electrical power plant would receive a tax break if it were 25% “cleaner” than other electricity-producing facilities. Clean is defined as greenhouse gas emissions divided by electrical output. Currently, there are 42 U.S. energy tax incentives, Baucus says. More than one-quarter of the incentives support fossil fuels and more than half are temporary and thus provide little investment stimulus. Baucus’s proposed measure would provide long-term incentives. If current incentives are extended, they will cost nearly $150 billion over the next 10 years, the draft says.
Join the conversation
Contact the reporter
Submit a Letter to the Editor for publication
Engage with us on Twitter