With the Los Angeles Auto Show in full swing and plenty of its focus geared towards environmentally friendly vehicles (including remarks on the subject by Governor Schwarzenegger), we here at GREENberg bLAWg thought it would be a good time for a quick overview of the new green cars coming soon to a dealer near you as well as the tax breaks associated therewith. Although there are several alternative fuel vehicles debuting in the coming year, this article will focus on the Nissan Leaf and the Chevrolet Volt.
In keeping with his commitment to create jobs by funding clean technology, President Obama announced last month that the Department of Energy was awarding nearly $2 billion in conditional commitments from the Recovery Act to two solar companies. One recipient of the funds, Abound Solar Manufacturing, is building two new plants which will produce millions of solar panels each year. As more and more business and home owners start considering the installation of solar panels on their facilities, office buildings and homes, these energy consumers often wonder how best to finance a solar installation.
With the collapse of the Senate’s intention to consider even a scaled-down cap and trade bill before its August recess, Senator John Kerry (D-MA) has re-entered the fray. Kerry, along with Senator Joe Lieberman (I-CT), earlier introduced the American Power Act, a major component of which was a multi-sector cap and trade requirement. When it became clear that the American Power Act could not garner the 60 votes necessary for passage, an electric utility-only cap and trade bill was discussed as a substitute. That concept also received insufficient traction and was subsequently replaced by a bill responding to the Gulf oil spill and also containing funding for energy efficiency programs and natural gas vehicle incentives. However, that bill, too, was postponed until at least after the Senate’s August recess.
For companies, investors, executives and service providers looking to make their mark in the cleantech and sustainable energy arena, there is a new website, www.skipso.com which serves to connect fellow green-minded thinkers in the same way that LinkedIn has connected millions of users since its launch in 2003.
With the Gulf oil spill crisis growing by the day, the quest for alternative energy sources is front and center in policy debates and the news, but it is unclear whether the United States government is ready to fully embrace clean technology.
President Barack Obama spent time addressing the United States’ energy future in his remarks at Carnegie Mellon University earlier this week. President Obama pointed to the tax credits and loan guarantees provided for under the American Recovery and Reinvestment Act of 2009 as evidence of the United States’ efforts to promote the clean technology sector.