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ARTICLE · 04 APRIL 2024

This Week's Climate Policy Update

Akin
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The Department of the Treasury published new guidance on securing bonus tax credits within the Inflation Reduction Act (P.L. 117-169; IRA)...

United StatesEnvironment
Kenneth J. Markowitz
Kenneth J. Markowitz
Stacey H. Mitchell
Stacey H. Mitchell
Dario Frommer
Dario Frommer
Christopher Treanor
Christopher Treanor
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Leila Fleming
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The Department of the Treasury published new guidance on securing bonus tax credits within the Inflation Reduction Act ( P.L. 117-169; IRA) for offshore wind projects. Before the Virginia legislative session expired, lawmakers passed numerous bipartisan environmental bills. Governor Glenn Younkin (R-VA) must decide on the bills' fate by April 8, 2024. Finally, the United Nations (U.N.) announced that it plans to finalize stricter greenhouse gas emissions penalties for the international shipping sector by 2027.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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