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Daily on Energy, Sponsored by the American Petroleum Institute: Biden focused on enlisting private capital in climate effort


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BIDEN WANTS TO USE PRIVATE CAPITAL: The Biden administration is placing greater emphasis on enlisting private finance to curb climate change, pushing major banks and asset managers to join climate negotiations that have long been focused on government investment.
At its climate summit starting tomorrow, the Biden administration is hosting a session dedicated solely to climate finance, led by special climate envoy
John Kerry, Treasury Secretary ....

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Daily on Energy: Manchin and Stabenow propose tax credits for retrofitting factories for clean energy


Daily on Energy: Manchin and Stabenow propose tax credits for retrofitting factories for clean energy
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LATEST PITCH TO FOSSIL FUEL WORKERS: Sens.
Joe Manchin and
Debbie Stebanow are aiming to make good on Democrats’ promises to fossil fuel workers by expanding an advanced manufacturing tax credit program deployed as part of the Obama-Biden administration’s Recovery Act.
Their
American Jobs in Energy Manufacturing Act introduced today would build on the 48C tax credit by offering $8 billion to build or retrofit manufacturing and industrial facilities to make clean energy technologies such as battery storage, carbon capture and removal, low-emissions vehicles, energy efficiency equipment, and more. ....

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Daily on Energy, Presented by AHRI: Utility trade group warns Biden 2035 carbon-free pledge would jeopardize reliability and affordability


Daily on Energy, Presented by AHRI: Utility trade group warns Biden 2035 carbon-free pledge would jeopardize reliability and affordability
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EDISON ELECTRIC INSTITUTE WEIGHS IN: The utility trade group Edison Electric Institute is skeptical about one of
President Biden’s defining pledges: making the power grid 100% carbon-free by 2035.
“The 2035 date would be an incredibly difficult situation to handle for most companies of the industry,”
Tom Kuhn, the president of the institute, said yesterday during the group’s annual state of the utility industry briefing to Wall Street. ....

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