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Renewable Energy Credits

All articles tagged with #renewable energy credits

Massive U.S. Data Center Buildout Could Add CO2 Equal to 24 Million Cars
technology2 hours ago

Massive U.S. Data Center Buildout Could Add CO2 Equal to 24 Million Cars

A Financial Times analysis of 60 data centers under construction by Amazon, Google, Meta, and Microsoft finds they could emit about 101.5 million tons of CO2 annually once online—roughly 7% of 2025 US power-sector emissions and the equivalent of 24 million gas-powered cars or 27 coal plants. Despite public emissions pledges, the grid is leaning on gas and coal to power round-the-clock AI demand, with renewable energy credits used to offset the gap, a costly approach likely to draw profitability pressure and renewed activism and policy scrutiny.

politics1 year ago

GOP Bill Threatens Solar Industry and Clean Energy Initiatives

Hard-line House conservatives supported Trump's pledge to strictly enforce rules for wind and solar projects to qualify for tax credits under the Inflation Reduction Act, which helped secure their backing for the megabill. The bill's passage involved intense negotiations, with Trump promising to ensure construction dates are enforced, and Democrats attempting to delay the bill through extended speeches. The bill is nearing final approval, with GOP leaders confident of passing it before the July 4 deadline.