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What if it were possible to bring MORE capital forward and faster for the #cleanenergy and #cleantechnology projects needed to meet #climate goals? It could be by #chaining together the Inflation Reduction Act's #transferability and #direct pay features. You can learn more in Unlocking Clean Energy Projects Using Tax Chaining: A Primer in which Grove Climate Group, Novi Strategies, and the Nicholas Institute for Energy, Environment & Sustainability explain the mechanics and benefits of #chaining. Special thanks to my co-authors Clinton Britt, Eric Fins, and Tim Profeta as well as the many experts who generously provided their insights in the development of this report. Note that the Internal Revenue Service is taking comment on #chaining through December 1, 2024. Feel free to reach out if you'd like to learn more about how #chaining works, how it could help you, and/or how to submit comments.
Chaining is an emerging concept to further incentivize private clean energy investment through tax credits established or expanded by the Inflation Reduction Act. A new policy brief from the Nicholas Institute for Energy, Environment & Sustainability and Grove Climate Group offers a primer on the practice. READ THREE KEY TAKEAWAYS: https://lnkd.in/ezPGX9GP The idea of chaining is gaining momentum. While current regulations from the Internal Revenue Service do not allow it, the U.S. Department of the Treasury is inviting public comment through Dec. 1 to help determine how much more capital chaining could enable and how it would work in practice. For anyone who wants to comment, the policy brief provides an overview on chaining and its potential benefits. READ THE FULL BRIEF: https://lnkd.in/eQBgFVPm Policy brief authors are: * Clinton Britt, Grove Climate Group * Eric Fins, Grove Climate Group * Tatjana (Tanja) Vujic, Novi Strategies * Tim Profeta, Nicholas Institute for Energy, Environment & Sustainability #InflationReductionAct #CleanEnergy #Decarbonization #TaxIncentives #TaxCredits #TaxChaining