With the passage of the Inflation Reduction Act (IRA), companies and the general public are actively discussing renewable energy. Solar, wind, geothermal, and other unconventional sources of energy are popular topics. Tax credits, in particular, attract attention. Although the IRA contains provisions that offer incentives to parts of the hydrocarbon industry, overlooked in many cases are developments in the alternative fuels sector that predate the IRA, and that leads us to ships, ports, and electric vehicles (EVs). Florida, which has an extensive cruise and marine industry, as well as numerous tourist and cargo ports, is directly impacted not only by IMO 2020 and its updates, but also by additional regulations from the EU coming into effect in 2023 and later years. Read more.
Compliments Greenberg Traurig