Article Summary – In the US, the 2022 Inflation Reduction Act penalizes research on certain categories of drugs, potentially leading to negative consequences for patients. The Act sets different grace periods before new drugs become eligible for government price-setting, with biologics receiving a grace period of 13 years and small-molecule
Article Summary – The article discusses China’s displeasure with the United States’ Inflation Reduction Act, due to its revisions to the way electric vehicle (EV) tax credits operate. The Act encourages manufacturers to procure materials from countries that comply with free trade and to build EVs in North America, aiming
Article Summary – Two small-scale solar manufacturers, Suniva and Heliene, have partnered to produce panels for their respective customer bases of US solar project developers. Under the three-year $400 million deal, Georgia-based Suniva will provide cells to Canada’s Heliene, which will assemble them into panels that can supply around 2 GW
Article Summary – The US Department of Health and Human Services announced that 41 prescription drugs available through Medicare Part B will cost less due to the Inflation Reduction Act signed by President Biden in 2022. The law requires drug companies to pay into the Medicare Supplementary Medical Insurance Fund
Article Summary – China has lodged a complaint with the World Trade Organization (WTO) against the US Inflation Reduction Act (IRA), arguing that its subsidy policies discriminate against foreign automakers and distort fair competition. Chinese automakers have been successful in delivering affordable electric vehicles (EVs) across a variety of segments,
Article Summary – The U.S. Department of Agriculture (USDA) is investing about $138 million from the Inflation Reduction Act into 138 new climate-smart conservation easements to support climate-smart agriculture and forestry initiatives. The easements are part of the Agricultural Conservation Easement Program (ACEP), which aims to conserve wetlands, grasslands, and
Article Summary – The Internal Revenue Service (IRS) hosted the Inflation Reduction Act (IRA) Industry Day to enhance transparency and deepen collaboration with industry partners. The event focused on the IRS’s Strategic Operating Plan (SOP) priorities and how to navigate the challenges and opportunities presented by the IRA, a significant
Article Summary – House Republican Leader Steve Scalise remains a supporter of fossil fuels, promoting legislation that makes it easier to drill oil and gas on federal lands and opposing progressive climate policies. During an interview, he disputed the idea that human-made climate change is a threat, justifying fossil fuel
Article Summary – The ESG Report podcast, hosted by Tom Fox, discusses EV battery regulation in the US and EU in a 3-part series; part 2 explores the impact of the Inflation Reduction Act on EV battery production and purchase. Pamela Fierst-Walsh, an expert on critical mineral supply chain issues
Article Summary – ExxonMobil CEO Darren Woods says that while renewable energy sources and electric vehicles are crucial, they are not sufficient on their own for the energy transition. Instead, he suggests a broader set of solutions including carbon capture, storage, hydrogen and biofuels, and supports the Inflation Reduction Act
Article Summary – The Inflation Reduction Act has led to increased investments in the U.S. renewable energy sector, but these may be jeopardized by China’s attempts to control the solar supply chain. The Biden administration has been accused of inadvertently aiding China by suspending tariffs on Chinese products, which has
Article Summary – Australia’s leading economists are advising Prime Minister Anthony Albanese against emulating US President Joe Biden’s “think big” approach to clean energy. A survey revealed that two-thirds of participating economists advocated for supporting innovation across the economy rather than specifically supporting projects that drive the energy transition. They
