US Economy

TL/DR - The Inflation Reduction Act of 2022 encourages investment in renewable energy projects with tax credits, including an additional 10% bonus for projects in "energy communities", areas with a significant fossil fuel industry and high unemployment. The Internal Revenue Service recently released updated guidance to clarify the application of…

TL/DR - The Mecklenburg County Board of Commissioners is set to vote on whether to accept money from the Inflation Reduction Act. The Act allocates funds to local governments to alleviate the impact of inflation on their budgets. The decision on whether to accept the funds rests with the board of commissioners. Meck County Commissioners…

TL/DR - Approximately $114 billion in clean-tech investments have been announced by manufacturers since the passing of the Inflation Reduction Act in 2022, with nearly half of the spending occurring in political swing states. The investments, which have been stimulated by President Biden's climate law, include factories for creating electric…

TL/DR - Virginia is applying for federal funding to support state and local government programs aimed at reducing pollution and greenhouse gas emissions. Virginia's Department of Environmental Quality (DEQ) drafted a Priority Climate Action Plan (PCAP) which emphasizes the electrification of transportation, building, and industrial sectors, with…