Tax Firms Build Up Energy Teams in Wake of Tax-and-Climate Law - Bloomberg Tax
Tax Firms Build Up Energy Teams in Wake of Tax-and-Climate Law
Tax and law firms are expanding to meet the growing demand of clean energy and corporate clients vying to get a piece of the billions of dollars of tax credits in the tax-and-climate law.
The Biden administration’s Inflation Reduction Act, or tax-and-climate law, was passed in August 2022 and offers dozens of tax credits for companies that want to help reduce greenhouse gas emissions.
Since the law’s passage, the IRS and Treasury Department have issued dozens of guidance on its provisions. Companies are leaning on tax professionals and lawyers to get the most out of these incentives—causing an explosion of ...
Related Knowledge Center: Climate diplomacy: COP 27
The 27th Conference of the Parties (COP 27) produced a groundbreaking agreement to create a “loss and damage” fund to help developing nations cope with the impact of climate change.
But the conference, held from Nov. 6 to Nov. 20, 2022, in Sharm el-Sheik, Egypt, fell short of a hoped-for agreement to speed reductions of greenhouse gas emissions.