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US Energy Tax Credit Trading Grows To As Much As $9 Billion, Study Finds

16 Jan 2024 | Abstracted from Economic Times

"Developers of renewable energy projects selling unused U.S. tax credits to other companies now account for a market worth between $7 billion and $9 billion, buoyed by legislation in 2022 that made these trades possible..."

"President Joe Biden's climate law aimed to stoke trillions of dollars of investment to wean the economy off planet-warming fossil fuels...That represents more than one third of the roughly $20 billion traditionally raised each yeare through tax equity for such projects in the United States."

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