A New Green Tax-Credit Market Is for Corporations. Some Wealthy People Want In.

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https://www.wsj.com/articles/a-new-green-tax-credit-market-is-for-corporations-some-people-want-in-73704f7fUpdated Aug. 11, 2023 10:21 am ETAs extreme temperatures strain electric grids in the U.S., many parts of the country could face blackouts. Solar energy can help protect the grid during extreme heat, but it comes with the added cost of increasing climate waste and decreasing efficiency.

WASHINGTON—President Biden’s signature climate law gives corporations a new and lucrative opportunity: Spend $910,000 to buy clean-energy tax credits and shave $1 million off your tax bill.Continue reading your article with

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Italy sets 0.1% cap for new bank tax after market routItaly has introduced a new tax targeting profits lenders gained from higher rates, setting a cap at 0.1% of total bank assets. The surprise announcement of the levy caused a market sell-off, with Italian bank stocks plummeting. This decision caught the market off guard and severely impacted investor confidence.
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