Pyrogenesis Canada Inc T.PYR

#2 Good for Pyro Green-Gas

[developbc]

@helloween #2 Good for Pyro Green-Gas

The bill “demonstrates that policymakers are starting to understand the vital role biogas plays as Americans become less dependent on fossil fuels,” said Bernard Sheff, board chairman of the American Biogas Council, in an email. 

One of the bill’s most notable provisions for the waste industry is the extension of the Section 48 energy investment tax credit to now include biogas. That credit, which previously only extended the ITC to renewable energy sources such as solar and wind, would now also cover “qualified biogas properties” and qualified cleaning and conditioning equipment that start construction before 2025, according to the bill. The RNG Coalition and the American Biogas Council are among the provision’s supporters. 

The tax credit expansion “is a major step in the right direction to give what our industry considers parity with others in the renewables industry,” said Maureen Walsh, ABC’s director of federal policy.

https://www.wastedive.com/news/waste-inflation-reduction-act-biogas-fleet-carbon-tax/628875/