Apr 30, 2013

Renewables Get Bipartisan Backing for Oil-Gas Benefits

Admin
2 min
  A bipartisan bill introduced to the Senate last week could serve renewable energy developers with some of the same tax benefits the...

 

A bipartisan bill introduced to the Senate last week could serve renewable energy developers with some of the same tax benefits the oil and gas industry currently enjoys.

The Master Limited Partnerships Parity Act would change the tax code and allow renewable and clean-energy companies to structure businesses as master limited partnerships, averting double taxation while trading ownership interests on the market. Oil and gas and other fossil fuel-related industries already enjoy such freedoms, allowing them access to private capital at significantly lower costs than investors in other energy projects, according to Senator Chris Coons.

“That starves a growing and vital part of our domestic energy sector of the capital that it needs to grow,” Coons told Bloomberg. “That just doesn’t make any sense.”

Republican representative Ted Poe and other Republicans also support the effort, despite their strong ties to the oil and gas industry.

“The tax code currently hinders the US' ability to develop all energy and be more energy-independent,” Poe said at a press conference.

The bill would also encourage smaller investors to get involved in the market, bringing more resources into the renewable energy sector.

“There’s also evidence that MLPs could drive down the cost of renewables themselves by driving down the cost of capital for those projects, which is an exciting thing for the industry,” Andrew Savage, a spokesman for Vermont-based solar technology manufacturer AllEarth Renewables, told BNA April 24

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May 13, 2021

All but two UK regions failing on school energy efficiency

schools
energyefficiency
Renewables
Dominic Ellis
2 min
Yorkshire & the Humber and the North East are the only UK regions where schools have collectively reduced how much they spend on energy per pupil

Most schools are still "treading water" on implementing energy efficient technology, according to new analysis of Government data from eLight.

Yorkshire & the Humber and the North East are the only regions where schools have collectively reduced how much they spend on energy per pupil, cutting expenditure by 4.4% and 0.9% respectively. Every other region of England increased its average energy expenditure per pupil, with schools in Inner London doing so by as much as 23.5%.

According to The Carbon Trust, energy bills in UK schools amount to £543 million per year, with 50% of a school’s total electricity cost being lighting. If every school in the UK implemented any type of energy efficient technology, over £100 million could be saved each year.

Harvey Sinclair, CEO of eEnergy, eLight’s parent company, said the figures demonstrate an uncomfortable truth for the education sector – namely that most schools are still treading water on the implementation of energy efficient technology. Energy efficiency could make a huge difference to meeting net zero ambitions, but most schools are still lagging behind.

“The solutions exist, but they are not being deployed fast enough," he said. "For example, we’ve made great progress in upgrading schools to energy-efficient LED lighting, but with 80% of schools yet to make the switch, there’s an enormous opportunity to make a collective reduction in carbon footprint and save a lot of money on energy bills. Our model means the entire project is financed, doesn’t require any upfront expenditure, and repayments are more than covered by the energy savings made."

He said while it has worked with over 300 schools, most are still far too slow to commit. "We are urging them to act with greater urgency because climate change won’t wait, and the need for action gets more pressing every year. The education sector has an important part to play in that and pupils around the country expect their schools to do so – there is still a huge job to be done."

North Yorkshire County Council is benefiting from the Public Sector Decarbonisation Scheme, which has so far awarded nearly £1bn for energy efficiency and heat decarbonisation projects around the country, and Craven schools has reportedly made a successful £2m bid (click here).

The Department for Education has issued 13 tips for reducing energy and water use in schools.

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