Latest news with #projectdevelopers
Bloomberg
27-05-2025
- Business
- Bloomberg
Tax Bill Can End US Reliance on China Solar at a Transition Cost
A massive tax-and-spending bill passed by the House of Representatives last week marks the culmination of nearly two decades of efforts to decisively wean the US off cheap Chinese solar panels. The measure would clamp down on energy tax credits created or expanded by the 2022 Inflation Reduction Act by imposing a slew of new restrictions, including earlier expiration dates and mandates that projects be free of any connection to China and other so-called 'foreign entities of concern.' Relying on imported materials or components, or having ownership tied to China, could be enough to block project developers from receiving those credits.
Bloomberg
09-05-2025
- Business
- Bloomberg
Zimbabwe Debuts Blockchain Registry for Carbon-Credit Trading
Zimbabwe has debuted a blockchain-enabled registry that will allow approved project developers to trade the nation's carbon credits. The step is aimed at making trade in the emission offsets more transparent and regaining the trust of investors after the southern African nation roiled the global carbon credit market in 2023 by suddenly canceling projects, claiming half of all proceeds and ordering developers to re-register. The move impacted the operations of several project developers including the Kariba Redd+ Project.
