President Joe Biden has reached a deal to progress his climate agenda
New US bill to unleash rapid clean energy deployment
The Inflation Reduction Act of 2022 includes long-term tax credits for clean hydrogen and carbon capture
Tax credits included in a new energy and climate bill set to be passed by the US Congress will unleash “rapid deployment” of clean energy, according to industry group the American Clean Power Association (ACPA). The Inflation Reduction Act of 2022 is to be added to the budget reconciliation bill being negotiated in Congress after this week gaining support from Democratic senator Joe Manchin—critical to passing the bill given the knife-edge majority the party holds in the Senate. This has given renewed momentum to President Joe Biden’s stalled climate agenda following months of political deadlock caused by Manchin’s opposition to the administration’s flagship ‘Build Back Better’ bill. “
Also in this section
27 September 2023
Investment in African offsets and ambitions to create a trading hub demonstrate Mideast Gulf state’s commitment to growing markets
26 September 2023
Newly launched Taiwan Carbon Solution Exchange is expected to enable companies to trade in both domestic and international credits
22 September 2023
A flurry of interest in direct air capture signals a key role for the technology in the push for net zero
21 September 2023
Technology company says its latest technologies can achieve 30–50% cost reductions at the capture stage
