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US Economy

‘Jim Jordan Slammed for Taking Credit for Biden Act He Opposed’

TL/DR - Congressman Jim Jordan is facing accusations of hypocrisy as he takes credit for the benefits of Joe Biden's Inflation Reduction Act, a measure he voted against. Jordan, a staunch opponent of Biden and co-leader of the push to investigate the president for potential impeachable offenses, celebrated the act's successes on social media.…

Highlight: Backing Energy Communities

TL/DR - The US Internal Revenue Service has provided additional information on the tax credit for energy communities in the Inflation Reduction Act. This tax credit is designed to fund clean energy projects in US communities historically tied to fossil fuels. The new guidance broadens the definition of fossil fuel-related employment under the tax…

Clean Energy Projects in NC to Generate 30K Jobs, Add $10B to GDP

TL/DR - The Inflation Reduction Act has generated over $7.6 billion in wages through announced clean energy projects, according to a report from E2. The Act has boosted U.S. clean energy industrial policy by creating incentives for energy transition, including support for the solar industry, manufacturing incentives, and tax credits. Since the…

Institutional Strategies for Cost Saving and Climate Control

TL/DR - Colleges and universities have the opportunity to boost sustainability and save costs due to new clean energy tax credits included in the 2022 Inflation Reduction Act. The American Council on Education (ACE) hosted a webinar to discuss how these institutions can utilize these credits to further their sustainability efforts. This…