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US Economy

US push for eco-friendly jet fuel hindered by CO2 pipeline opposition

TL/DR - The US effort to develop sustainable aviation fuel (SAF) using ethanol could be hampered by growing opposition to proposed pipelines meant to lower the biofuel's greenhouse gas emissions. These pipelines would capture carbon dioxide from ethanol plants and transport it to other states for storage. The Biden administration has committed to…

NovoHydrogen Gets $20M, Role in DOE Hub – Greeley Tribune

TL/DR - Colorado startup NovoHydrogen has secured a $20 million equity commitment from Modern Energy and has been selected by the US Department of Energy to participate in one of seven regional hydrogen development hubs. The company focusses exclusively on green hydrogen production, using renewable energy to power electrolysis which splits water…

US IRA Unlikely to Deter Firms’ Overseas Expansion: Gotion High Tech

TL/DR - The Inflation Reduction Act (IRA) introduced in the US is unlikely to prevent companies from expanding abroad because businesses flourish through competition and not regulation or subsidies, says the chairman of Chinese battery maker Gotion High Tech. Even as the IRA, an anti-inflation measure that offers tax benefits based on…

US Bond Market’s Unpredictability by Barry Eichengreen

TL/DR - The interest rates on ten-year US Treasuries have reached nearly 5%, more than triple the levels from two years ago, making bond yields attractive once more. Despite a difficult few years for investors in US Treasury bonds, the "smart money" is now returning, with the expectation that interest rates will fall and bond prices will recover…