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US Economy

Solar Firm Benefiting from Act Donates Millions to Biden, Democrats

TL/DR - First Solar, the largest US manufacturer of solar panels, has seen its profits and stock price increase significantly due to federal subsidies from the Inflation Reduction Act, passed by the Biden administration. The company had contributed $2 million to support Democrats in the 2020 elections, including $1.5 million to Biden's campaign,…

Presidential debate overlooks climate change

TL/DR - In a recent CNN-hosted presidential debate, climate change was briefly discussed by candidates Biden and Trump. Biden emphasized on the clean energy policies of his administration, notably the Inflation Reduction Act and the creation of American Climate Corps, while Trump avoided a direct response, choosing to critique the Paris agreement…

Inflation Reduction Act Boosts Delaware Coastal Research Funds

TL/DR - Delaware is set to receive a part of the $16.7 million marine technology innovation funding awarded by the Biden-Harris Administration. The funding will be divided across 12 awards to support the development of new technologies and initiatives focused on sustainability, equity, biodiversity, and climate adaptation. Two of the awards will…

Biden Admin’s Inflation Reduction Act Impacts Environmental Programs

TL/DR - The Biden Administration is attempting to cement key provisions of the Inflation Reduction Act (IRA), a legislation focusing on clean energy, climate, and domestic manufacturing before the November elections. Problems in implementing several IRA provisions have been criticized by industry, independent groups, and Republicans, including…