Global Tax Rules to Unleash Billions in Clean Energy Investment

Recent global minimum tax guidance from the OECD will help usher in billions of dollars of financing for clean energy projects in the US.

The guidance makes it less likely companies will be hit by other countries’ minimum taxes when they purchase the clean energy credits to lower their US tax rate.

A key piece of the Biden administration’s push to transition the US to clean energy hinges on pumping investment into the market by letting energy developers sell unused tax credits—known as transferability. Corporations looking to lower their taxes can buy the credits at a discount from clean energy ...