Article Summary – The Inflation Reduction Act (IRA), passed in 2022, is the largest climate bill in U.S history and has led to significant investments in clean renewable energy. The IRA offers subsidies, tax rebates, and incentives that have led to the announcement of projects involving over 170,000 new clean
Article Summary – Two right-leaning industry groups, the American Petroleum Institute and the U.S. Chamber of Commerce, have shown support for parts of President Biden’s Inflation Reduction Act, specifically the tax incentives for clean energy. Initially against the Act due to corporate tax hikes and a methane emissions fee, the
Article Summary – Denmark’s Orsted has secured a $680m investment from JPMorgan for two US renewable energy projects spurred by the Biden administration’s Inflation Reduction Act. The investment will fund the Eleven Mile Solar Center in Arizona and the Sparta Solar project in Texas. The Inflation Reduction Act allows tax
Article Summary – The National Oceanic and Atmospheric Administration (NOAA) Fisheries has recommended $70.9 million for improving fish migration in Maine rivers under the Bipartisan Infrastructure Law and Inflation Reduction Act. The funding will be allocated to various organizations including the Passamaquoddy Tribe at Pleasant Point, the Penobscot Indian Nation,
Article Summary – U.S. Senator Sherrod Brown has been leading efforts to push the Biden administration to stand against China’s trade cheating, and to prevent Chinese companies from receiving American taxpayer money. Brown has criticized the administration over clean energy tax credit rules and new tariffs, arguing that these measures
Article Summary – The U.S. Department of Agriculture (USDA) Natural Resources Conservation Service (NRCS) in Texas has opened a second sign-up for the Conservation Stewardship Program (CSP) for fiscal year 2024, accepting applications until June 21, 2024. The program aims to assist farmers, ranchers, and forest landowners in enhancing their
Article Summary – The U.S. Department of Health and Human Services Office of the Assistant Secretary for Planning and Evaluation (ASPE) reports that provisions of the Inflation Reduction Act (IRA) have increased the uptake of Part D-covered vaccines and saved beneficiaries over $400 million in 2023. An increase of 42%
Article Summary – President Biden’s messaging about lowering prescription drug costs through the Inflation Reduction Act is reaching more people, although most voters are still unaware of key provisions, according to a KFF poll. Awareness is highest among voters aged 65 and above, with 52% aware of the law’s $35
Article Summary – The U.S. saw a slowdown in the rate of price increases in April, with decreases noted in areas such as groceries, utilities, airline fares, and used vehicles, according to a consumer price index report from the Bureau of Labor Statistics. Prices rose by 0.3% in April, a
Article Summary – US President Joe Biden has raised tariffs on some imported goods from China, including steel, aluminium, semiconductors, and various other products. The move is aimed at curbing China’s unfair trade practices which Biden says have pushed other manufacturers out of business and caused job losses in the
Article Summary – The White House is increasing tariffs on several imports from China, including battery parts, natural graphite, permanent magnets, and certain critical minerals, in an attempt to protect American workers and businesses from China’s “unfair trade practices”. This includes increasing solar cell tariffs from 25% to 50%, EVs
Article Summary – President Biden’s Inflation Reduction Act offers tax credits to lower the cost of installing clean energy technologies and housing costs by reducing monthly energy bills. Several states are set to launch home energy rebate programs, helping low- and middle-income families acquire cost-saving electric appliances and make energy
