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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessThermal Energy Bill May Emerge From Build Back Better
The current state of the climate and social care bill Build Back Better remains unclear but there is a likelihood that the climate portions of the package my be redrafted and presented to Congress for consideration.
- One viable option for lawmakers is tax incentives for geothermal energy. The thermal energy sector claims that the research and development aspect of geothermal energy is too high for the private sector to adequately engage.
- A smaller thermal energy bill from the remnants of Build Back Better could invigorate the thermal energy industry through USD$320 billion in tax incentives. An expansion of the industry would increase the number of projects outside of California and Nevada where 95 percent of US geothermal energy is currently produced.
- This proposition has high-profile supporters including Senators Joe Manchin (D-WV), Catherine Cortez Masto (D-NV), and Mazie Hirono (D-HI).
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.