12.6.2024
USA - Extension of tax credits for CHP: a strategic choice to reduce emissions
Market and policy
In the United States, tax credits for non-zero-emission cogeneration systems will end by the end of 2024. For this reason, the CHP Alliance, together with other players in the sector, are trying to demonstrate the immediate and concrete benefits offered by cogeneration in terms of reducing emissions. In fact, thanks to the simultaneous and efficient production of electricity and heat, cogeneration reduces emissions by about 50% compared to the separate management of the two energy carriers. This result is achieved constantly, 24 hours a day, without depending on external variables such as the sun or the wind. For these reasons, and in view of other significant benefits, cogeneration tax credits should be extended.
Original language: English
Origin: USA
Speaker
Thomas Smith
President, CHP Alliance & Cogen World Coalition
Next videos
00:40
1.7.2025
Department of Energy supporting the decarbonisation of the manufacturing sector
Graeme Miller
01:47
12.19.2024
Romania: cogeneration sector undergoing transformation and recovery
Mihai David
01:58
12.11.2024
Carbon accounting methodology and CHP: a different approach
Bruce Hedman
01:25
12.3.2024
IRA: prevailing wage and apprenticeship requirements to boost tax credits for sustainable energy projects
Sara Hutton