Browsing Category

US Economy

Clean lawn & snow equipment statewide discounts begin Jan. 1

TL/DR - Starting January 1, Colorado businesses selling residential-level electric-powered lawn and snow equipment will receive state tax credits, leading to a 30% decrease in the manufacturer's price for customers. This is part of Senate Bill 23-016 “Greenhouse Gas Emission Reduction Measures”. The move is intended to reduce pollution from…

Maine Plans $72M Energy Rebates to Assist with Bills

TL/DR - Maine is planning to allocate around $72 million in federal funding from the Inflation Reduction Act for energy and efficiency rebates. The state has surpassed its goal of installing 100,000 heat pumps by 2025 and set a new target of 175,000 additional installations by 2027. Officials are working on making the rebates more accessible to…

Inflation Reduction Act Cuts Drug Costs via Price Negotiation

TL/DR - Bret Jackson, CEO of the Economic Alliance for Michigan, discussed the Inflation Reduction Act and its impact on healthcare in an interview with Pharmacy Times. He noted key aspects of the IRA such as the $35 cap on insulin, the cap on out-of-pocket costs for Medicare Part D that will come into effect in 2024, and the fact that drug…

Offshore Wind at Crossroads: High Costs, Supply Issues Halt Projects

TL/DR - The UK has dropped from the top spot to seventh in the Renewable Energy Country Attractiveness Index (RECAI) due to difficulties in the offshore wind sector. Global project costs have risen by 39% since 2019, and the UK's maximum strike price was not enough to attract developers, causing a setback in reaching its target of 50GW of…