New Tax-Credit Market Aims to Funnel Billions to Clean Energy

A government plan to let companies cut their taxes by financing clean-energy projects kicked off with a deal to help fund a $1.5 billion wind-energy transaction that officials hope will spur tens of billions of dollars in climate financing. The tax-credit plan is part of the climate legislation that became law one year ago. The first publicly announced deal, by Bank of America will be closely watched because it could enable a far bigger range of companies to buy the credits than under current programs.