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
Article Summary – President Joe Biden highlighted the benefits of his Inflation Reduction Act during a speech in West Columbia, South Carolina, emphasizing that no Republicans in Congress had voted for the landmark climate law. The Act includes provisions for green tax credits for companies developing renewable energy infrastructure, and
Article Summary – The US government has pledged $60 million to projects aimed at increasing the resilience of the Rio Grande river to climate change and growing pressures. The move marks the first disbursement from the Inflation Reduction Act for a basin outside of the Colorado River system. Measures will
Article Summary – White House Council of Economic Advisers Chair Lael Brainard stated that the sustainable energy provisions of the 2022 Inflation Reduction Act (IRA) would be difficult for Republicans to reverse, even if they win majorities in the general election. The IRA includes tax credits and deductions for clean
Article Summary – The U.S. Treasury Department and the Internal Revenue Service (IRS) have released the final rules on clean vehicle provisions of the Inflation Reduction Act (IRA), with the Department of Energy providing guidance on battery manufacturing issues. The rules, which include stipulations on taxpayer and vehicle eligibility for
Article Summary – Vice President Kamala Harris has announced federal investments for small and medium-sized auto manufacturers in Michigan to either retool or expand their facilities. The Department of Energy has earmarked $50 million each for its Automotive Conversion Grants Program to help businesses transition from traditional vehicles to electric
Article Summary – The US Environmental Protection Agency (EPA) has updated its methane emissions reporting requirements for oil and gas operations to ensure greater transparency and accountability for methane pollution. The agency has claimed that these facilities are the nation’s largest industrial source of methane, a climate “super pollutant” that
Article Summary – President Biden has requested $104 billion in additional funding for the Internal Revenue Service (IRS) in the 2025 fiscal year budget proposal, atop the $12.3 billion annual budget and an already enacted $80 billion through the Inflation Reduction Act. U.S. Senator Mike Crapo expressed concern over the
Article Summary – The US government has allowed tax credits for electric vehicles with batteries containing Chinese graphite until the end of 2026. The US Treasury will give automakers until 2027 to remove certain hard-to-trace minerals, including graphite. South Korea welcomed this decision as it benefits Korean and other global
Article Summary – The Inflation Reduction Act (IRA), passed by the Biden Administration in 2022, is notable for its significant investments in clean energy, providing incentives for renewable energy implementation and funding clean energy companies. Despite environmental benefits and potential job growth, the IRA has simultaneously allowed for the fossil
Article Summary – Michigan has initiated a program to offer vocational training and job placement assistance to 5,000 residents in a bid to enhance its workforce and improve infrastructure. The program, which will be funded through $9 billion in federal funding from President Joe Biden’s Inflation Reduction Act, aims to
