US Treasury to issue more clean energy tax credit guidance by year-end

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSWASHINGTON - The U.S. Treasury said on Friday it will provide guidance on additional clean energy tax incentives before the end of 2023, including a provision aimed at deterring companies from relying on Chinese supply chains.

But she said the guidance would be released before year-end, along with guidance for the"45X" manufacturing production tax for clean energy products such as solar, wind, batteries and critical minerals components. A key decision in the guidance is whether Ford Motor Co's deal to license the technology of Chinese battery manufacturer CATL for use in Ford-owned U.S. battery plants will meet the Treasury's standards to access the tax credits. The arrangement has raised concerns among U.S. lawmakers.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF, World Bank to step up cooperation on climate, debt, digital transitionBy David Lawder WASHINGTON (Reuters) - The International Monetary Fund and World Bank on Thursday issued a rare joint statement pledging to step up ...
Source: SaltWire Network - 🏆 45. / 63 Read more »

Treasury Yields Climb With Rate-Hike Odds on Strong ISM ServicesTreasury yields climbed Wednesday — some to the highest levels in a week — as traders priced in higher odds of a Federal Reserve interest-rate increase this year after a gauge of service-sector activity was stronger than anticipated.
Source: BNNBloomberg - 🏆 83. / 50 Read more »