IRA’s Green Energy Tax Credits Lose Their Punch Because They Try to Do Too Much

[ad_1] The Inflation Reduction Act (IRA) recently signed by President Biden includes more than $200 billion energy tax subsidy in the next decade. As its supporters say, it is the largest package of stimulus aimed at slowing climate change ever implemented by Congress. But it also puts America on a relatively inefficient path to clean energy. Broadly speaking, the problem is a familiar one: While most economists prefer a stick (higher tax) to encourage alternatives by raising the price of fossil fuels, most politicians prefer a carrot-tax subsidy to encourage…

Crypto Price Today: Meme Coins trade in green; Solana, Polkadot down up to 8%

[ad_1] New Delhi: The crypto market slipped in the early trading hours on Thursday. Bitcoin Barely above the $20,000 level, the pain in the altcoin was severe. Fears of a slowdown in the global economy and rising inflationary pressures are weighing on the sentiments of the digital token market. Excluding Yunus Said Leo, which gained nearly 4 percent, and Memecoins dogecoin And Shiba InuAll other crypto tokens were trading in the red on Thursday. among the losers, solana Nearly 8 per cent fall, while Polkadot is down more than 6…

Adani Green: Bonds of Tata Motors, Adani Green sink as India’s debt sinks due to weak rupee

[ad_1] Jaguar-owner and mining giant Resources Ltd’s debt suffered the biggest fall on record last week, among a handful of Indian companies whose bonds fell to record lows of the rupee. In addition to those two dollar notes maturing in 2024, Energy’s forex bonds fell the most since March, while GMR Hyderabad 2026 debt also declined, Bloomberg-compiled data shows. The fall coincides with the rupee touching its all-time low against the dollar, posing the challenge of already high interest rates for Indian companies to pay off existing foreign debt or…

Stock to Buy: Go Green! 3 power stock ideas for your long term portfolio

[ad_1] The theme ‘Grey to Green’ is gaining momentum in India as the renewable energy sector is set to grow four times by 2030. As India aims to meet 50 percent of its energy requirement from renewable energy by 2030 and reduce its carbon emissions by 45. Percentage, domestic brokerage firm Securities finds opportunities for long-term investors to make money in three power stocks. As a part of its transition to become an integrated power company, state-run power producer NTPC is striving to increase the pie of its capacity mix…