RAISE Romanian American Institute for Smart Energy’s Post

🌍Will Ireland take a bold leap towards a greener FDI future? 🔋 Innovative policies needed to boost public investment in cleantech, enhancing energy security and making Ireland even more attractive for FDI. 🔬 Enhancing R&D Tax Credit regime and digitalisation credits would help ensure Ireland remains a top destination for knowledge-intensive FDI. 🌊 Harnessing tidal and offshore wind resources and streamlining project approvals could help Ireland exceed EU emissions reduction targets. 💡Ahead of #Budget2025, Ian Collins, EY Tax Partner and Head of Innovation Incentives, looks at why bold moves are needed to bolster Ireland’s FDI proposition - https://lnkd.in/enis8Vc4 #Budget2025

🌍Will Ireland take a bold leap towards a greener FDI future? 🔋 Innovative policies needed to boost public investment in cleantech, enhancing energy security and making Ireland even more attractive for FDI. 🔬 Enhancing R&D Tax Credit regime and digitalisation credits would help ensure Ireland remains a top destination for knowledge-intensive FDI. 🌊 Harnessing tidal and offshore wind resources and streamlining project approvals could help Ireland exceed EU emissions reduction targets. 💡Ahead of #Budget2025, Ian Collins, EY Tax Partner and Head of Innovation Incentives, looks at why bold moves are needed to bolster Ireland’s FDI proposition - https://lnkd.in/gY9TfAuF #Budget2025

Azerbaijan introduces tax incentives to support public-private partnership and green economy projects In a significant move to promote sustainable development, Azerbaijan has introduced tax incentives to support projects under public-private partnerships (PPP) and the green economy. Renewables.az informs, citing the State Tax Service, that one of the key amendments to the Tax Code, effective from January 1, 2025, focuses on encouraging electricity production from renewable sources. The tax incentives are designed to facilitate the implementation of projects related to service provision, creation, and management of necessary infrastructure within the PPP framework, as well as the production of electricity from #renewableenergy sources. Private partners and producers involved in PPP projects and #greenenergy initiatives will benefit from exemptions on profit tax, property tax, land tax, and VAT on imports (goods and equipment). The duration of the tax incentives will be determined in the contracts but cannot exceed 30 years. These measures aim to enhance the investment climate, attract private and foreign investments in key economic sectors, and support projects implemented by the private sector with state obligations to purchase electricity.

🌍 Will Ireland take a bold leap towards a greener FDI future? 🔋 Innovative policies needed to boost public investment in cleantech, enhancing energy security and making Ireland even more attractive for FDI. 🔬 Enhancing R&D Tax Credit regime and digitalisation credits would help ensure Ireland remains a top destination for knowledge-intensive FDI. 🌊 Harnessing tidal and offshore wind resources and streamlining project approvals could help Ireland exceed EU emissions reduction targets. 💡 Ahead of #Budget2025, Ian Collins , EY Tax Partner and Head of Innovation Incentives, looks at why bold moves are needed to bolster Ireland’s FDI proposition - bit.ly/3ZCfwri #Budget2025 Graham Reid | Joe Bollard | Sean Casey | Shane Mac Sweeney | Seamus Downey | Ferga Kane | Aileen Daly | Clara Carroll | Feargal de Freine

#AmChamAdvocacy #Energy |Today, AmCham Romania met with Minister of Energy Sebastian Burduja to discuss priorities for Romania's energy sector—key to economic growth & competitiveness. AmCham Vice-president Dinu Bumbacea, Chair of the Energy Committee and Deputy Chair Alexandru-Valeriu Binig presented strategic and actionable recommendations, as outlined in the energy chapter of the #AmCham "Priorities for Romania 2024-2028” document. AmCham Board Member Ciprian Ladunca, Chair of the AmCham Corporate Governance Committee, emphasized the need for strong corporate governance in SOEs to enhance the sector’s performance. Future opportunities and collaboration to advance energy as a leading sector for bilateral economic and investment cooperation between Romania and the U.S. was also on today’s agenda. Minister Burduja shared the priorities of his new mandate, which are in line with AmCham's proposals, and reiterated his availability for an open and consistent policy–industry dialogue. Among his concerns, the Minister mentioned reforming the SOEs within the energy sector and creating a transparency registry, establishing criteria to identify alternative heating solutions for citizens currently using firewood, and exploring avenues to attract U.S. investments. #AmCham reps were joined by Executive Director Letitia Pupazeanu and Advocacy Lead Ioana Rotileanu. AmCham Romania Energy Priorities: https://lnkd.in/d3CKYmVS #amchamromania #PrioritiesForRomania #InvestInRomania #EconomicGrowth #PolicyIndustry #Dialogue #consultations #energypolicy #energystrategy #reform #corporategovernance

🚀 Exciting Update on South Africa's Carbon Tax Laws! 🌍 The National Treasury has proposed significant changes to South Africa’s carbon tax regulations in the draft 2024 Tax Laws Amendment Bill. The proposed amendments aim to boost investment in renewable energy by increasing the carbon offset allowance for embedded generation projects from 15MW to 30MW. This change is set to incentivize larger renewable projects and drive more investment in sustainable energy solutions. Additionally, the draft bill includes a technical clarification for Eskom to ensure clarity on offset claims related to power purchase agreements. Stay tuned for more updates on how these changes could transform South Africa’s energy landscape! 💡🌱 Read More >>>https://lnkd.in/dapj2Ad2 #RenewableEnergy #CarbonTax #SustainableDevelopment #SouthAfrica #EnergyTransition

🇲🇾 Malaysia: Boosting Green Technology Investment Malaysia updates its green technology tax incentives for 2024-2026: -Green Investment Tax Allowance (GITA): Up to 100% offset on qualifying projects for 5-10 years. -Green Income Tax Exemption (GITE): 70% exemption on solar leasing income for 5-10 years. -Applications must meet detailed eligibility conditions and can be submitted online. #MalaysiaTax #GreenEconomy #Sustainability

Did you know that South Africa offers some of the most generous tax incentives for businesses investing in renewable energy? For solar energy projects, businesses can now claim a 100% deduction of the cost of solar panels in the year of installation, thanks to updated regulations under Section 12B of the Income Tax Act. This not only reduces taxable income significantly but also aligns businesses with global sustainability goals. It's a win-win for profitability and planet-friendly practices. 💡 Takeaway: Strategic tax planning isn’t just about compliance—it’s about leveraging opportunities to grow sustainably. What do you think? Could a sustainability tax strategy transform your business? #TaxPlanning #TaxStrategies #SARS

🔋 Do You have the (Green) Power❓ 🇲🇷 𝗠𝗮𝘂𝗿𝗶𝘁𝗮𝗻𝗶𝗮 does❗️ 🏄🏾♂️ Riding the wave of 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 with a new law regulating 𝗴𝗿𝗲𝗲𝗻 𝗵𝘆𝗱𝗿𝗼𝗴𝗲𝗻 development and operation. 1️⃣ One of very first Codes on Green Hydrogen to be adopted within African countries. 📶 Mauritania’s green hydrogen production potential is estimated by the World Bank at 𝟭𝟮 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼𝗻𝗻𝗲𝘀 𝗮𝗻𝗻𝘂𝗮𝗹𝗹𝘆. More views on it ⤵️ #Africa #Law #Energy

The Finnish government has proposed a temporary tax credit aimed at accelerating large-scale clean transition investments (HE 207/2024). Currently under parliamentary review, this initiative focuses on three key areas essential for advancing the transition to a climate-neutral economy. Companies can benefit by deducting a portion of eligible investment costs from their corporate income tax, supporting both business growth and the green transition. 🌿⚡   💡Discover more on our website!   #CleanTransition #Sustainability #GreenInvestments #CorporateTax #Finland