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Category: Inflation_Act_2022_Green_Energy Inflation_Act_2022_Media

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Inflation Reduction Act upends utility resource planning tenets: NARUC panelists

By Ethan Howland Photo: Simonkr, Getty Images

The Inflation Reduction Act will upend key tenets of utility resource planning, including the need for bottom-up forecasting to account for a pending surge in electric vehicle and building load, according to panelists at a National Association of Regulatory Utility Commissioners meeting.

11/17/22
                                                               

Carbon dioxide emissions increased in 2022 as crises roiled energy markets

By Brad Plumer Photo: Ritesh Shukla/Getty Images

Global emissions from fossil fuels are likely to reach record highs this year, new data shows, putting nations further off track from stopping global warming.

11/10/22
                                                               

EU in talks with U.S. over new IRA law trade issues

By Reuters

The United States is possibly discriminating against European companies through its new Inflation Reduction Act (IRA) law, an EU industry chief said on Thursday, as Germany saw talks with Washington as necessary to avoid a “trade war”.
“We are in talks with the Americans so we do not start a kind of trade war now, but we see what competition there is and we have to find European answers to that,” German Economy Minister Robert Habeck said in a conference in Berlin on Thursday.

11/04/22
                                                               
CNN

Biden administration outlines plan to pay for Colorado River water cuts as crisis looms

By Ella Nilsen Photo: Justin Sullivan, Getty Images

As concerns grow over the future of the drought-plagued Colorado River system, the Biden administration has announced how it intends to pay farmers, cities and Native American tribes in the Southwest for significant, voluntary water cuts.

10/12/22
                                                               

Will the Biggest Fossil Fuel States Sabotage Biden’s Climate Package?

By Climate and Main Photo: Drew Angerer, Getty Images

Hailed by President Biden as “the most aggressive action ever to combat the climate crisis,” the Inflation Reduction Act (IRA) commits $369 billion to clean energy and greenhouse gas reduction. But the IRA’s progress towards its ambitious goals and the larger fight to stave off the worst effects of climate change depends largely on its impact in key fossil fuel-producing states.

10/10/22
                                                               

Will the biggest fossil fuel states sabotage Biden’s climate package?

By Capital & Main Photo: Drew Angerer/Getty Images

Hailed by President Biden as “the most aggressive action ever to combat the climate crisis,” the Inflation Reduction Act (IRA) commits $369 billion to clean energy and greenhouse gas reduction. But the IRA’s progress towards its ambitious goals and the larger fight to stave off the worst effects of climate change depends largely on its impact in key fossil fuel-producing states.

10/10/22
                                                               

The climate economy is about to explode

By Robinson Meyer Photo: David McNew/Getty

Late last month, analysts at the investment bank Credit Suisse published a research note about America’s new climate law that went nearly unnoticed. The Inflation Reduction Act, the bank argued, is even more important than has been recognized so far: The IRA will “will have a profound effect across industries in the next decade and beyond” and could ultimately shape the direction of the American economy, the bank said.

10/05/22
                                                               

Clash over energy projects could threaten government funding bill

By Jacob Bogage Photo: Jabin Botsford/The Washington Post

Democrats want to include Sen. Joe Manchin’s proposal in legislation to avoid a shutdown. Republicans don’t.

09/21/22
                                                               
ICF

How clean energy economics can benefit from the biggest climate law in US history

Ian Bowen and Others

At over 700 pages, the Inflation Reduction Act (IRA) is a dense piece of legislation. At the same time, its impact on the energy sector can be summarized succinctly: clean energy economics just got a whole lot better.
The legislation achieves this through a spate of incentives. There are enhancements to the existing production tax credit (PTC) and investment tax credit (ITC), which are now available to new solar and energy storage facilities, respectively; before the IRA, the ITC for solar was being phased down to a terminal level of 10% for facilities beginning construction from 2024 onward, and solar plants that were placed in

09/16/22