US Economy

TL/DR - A Climate Reality Barometer survey found that Generation Z, or "Generation COP," is more concerned about inflation than climate change. In order to build a political mandate for climate action, advocates need to demonstrate the tangible benefits of decarbonizing buildings and cities, particularly to low-income, marginalized communities,…

TL/DR - The Inflation Reduction Act (IRA) is set to change how Medicare negotiates drug prices, potentially saving around $300 billion in Medicare drug costs over the next decade, but may also cause a reduction in revenues for the biopharma industry by about $75 billion. Another layer of complexity is added by the introduction of the Ensuring…

TL/DR - The IRS has released regulations under the Inflation Reduction Act of 2022 that enable entities in the clean energy sector to select tax credits as federal income tax payments. The regulations are expected to stimulate growth and innovation in the sector, and they provide a detailed framework for the elective payment of these tax credits,…

TL/DR - A Vanderbilt study emphasizes the significance of household actions in reducing carbon emissions, with data from 2021 showing households account for around a third of U.S. CO2 emissions. The researchers concluded that a small proportion of funds from the Infrastructure Investment and Jobs Act (IIJA) of 2021 and Inflation Reduction Act…