In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the second installment of the series. Click to read Part 1.
Following months of speculation, on January 23, 2018, the Trump Administration issued a Proclamation announcing new tariffs on imported solar cells and modules (the “Solar Tariff”) in response to the Section 201 petition brought by Suniva and SolarWorld Americas. The four-year Solar Tariff becomes effective on February 7, 2018, and will start at 30% in Year 1 and ramp down by 5% annually. The Solar Tariff exempts the first 2.5 GW of solar cells (not modules) imported each year. Although a tariff of any kind will impact some number of economically marginal projects, it is less clear how significantly the Solar Tariff will impact the U.S. solar market as a whole and whether those impacts will be felt equally across industry segments.
In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the first installment of the series. Continue Reading Energy & Sustainability 2017 Year in Review: Tax Bill (Part 1 of 4)
A new report from Baird Equity Research outlines the inroads made by solar energy the past two years and projects the industry’s continued growth over the long term. In particular, the report cites increased installations, decreasing costs, and consistent technological advancements as key contributors to the industry’s success.
On December 12, French President Emmanuel Macron, joined by President of the World Bank Group, Jim Yong Kim and the Secretary-General of the United Nations, António Guterres, hosted the One Planet Summit highlighting public and private finance in support of climate action. The summit’s focus centered on addressing the fight against climate change and ensuring that climate issues are central to the finance sector.
As part of the Social Innovation Journal’s “Disruptive Innovations” issue focusing on Boston, Kristin Gerber and Ben Stone, members of our Energy & Sustainability practice group, described Mintz Levin’s support of a burgeoning social innovation sector.
“It is no surprise that in 2017, Forbes Magazine named Boston as the top U.S. city for social entrepreneurs. As attorneys at Mintz Levin, a mainstay of the Boston community for more than 80 years, we have had the honor to engage with a thriving regional ecosystem of public and private sector actors supporting companies making a positive impact.
We also have learned – through serving our clients and our own entrepreneurial experiences – that starting and scaling, or successfully investing in, a profitable mission-driven business is a challenging endeavor. Social entrepreneurs and impact investors must navigate a gauntlet of business, legal, and cultural hurdles while also attempting to simultaneously generate positive financial, social, and environmental returns. In the context of this exciting, multifaceted sector, attorneys are uniquely positioned to serve as invaluable advocates, translators, protectors, and connectors.”
Read the full article: “Mintz Levin’s Approach to Supporting a Thriving Social Innovation Sector in Boston and Beyond”
A recent white paper published in accord with The Climate Solutions Collaborative (C2C) paints the current clean energy technology investment landscape and provides a primer for wealth owners, foundations, endowment managers, and family offices on developing a cleantech 2.0 investment strategy
The global economy must triple its annual investment in low-emissions technology, from $750 billion per year between 2010 and 2015 to $2.3 trillion per year going forward until 2040, to keep the planet under 2 degrees Celsius warmer compared to pre-industrial levels according to analysis from the Precourt Institute for Energy at Stanford University. The report, Derisking Decarbonization: Making Green Energy Investments Blue Chip, served as the framing paper for the Clean Energy Finance Forum that the Precourt Institute hosted on November 1st.
On November 1, the Baker-Polito Administration awarded $3.7 million in grants to increase the adoption of cost-saving clean energy technologies by Massachusetts low-income residents as part of the Commonwealth’s Affordable Clean Residential Energy Program (ACRE).
On October 31, 2017, the Massachusetts Legislature’s Joint Committee on Labor and Workforce Development heard testimony on six bills introduced this session addressing the use of non-compete agreements in Massachusetts. Each of the bills includes provisions that would place restrictions on the use of non-competes, with the aim of introducing more fairness to a dynamic skewed against workers, as Representative Lori Ehrlich argued in her testimony. Business interests claim non-compete agreements hurt innovation, a topic that became a focus of the hearing. The committee also considered arguments to update the state’s trade secret laws as well as to include language in the legislation that provides for strong garden leave and notice provisions in order to induce companies to reduce the use of non-competes. The bills are expected to remain before the committee until after the new year. The Massachusetts House and Senate passed bills to limit the use of non-competes last year, but negotiations between the branches broke down in conference committee. To learn more, please follow the link to our partner page at ML Strategies.