US Economy

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…

TL/DR - The renewable energy sector in the United States has experienced rapid growth due to ample subsidies and tax credits, surpassing the European Union in renewable investment. Major federal policies, such as the production tax credit (PTC) and the investment tax credit (ITC), have lowered the cost of renewable energy, encouraging significant…

TL/DR - The U.S. Inflation Reduction Act (IRA) of 2022 included a program called Direct Pay, which expands federal support for clean power by allowing non-taxable entities to receive direct funding for new solar power installations. The program covers up to 70% of the cost and has already benefited communities in Southern California, including…

TL/DR - President Joe Biden's climate bill is being held back by a lack of comprehensive permitting reform, which allows environmental lawsuits to impede green energy projects subsidized by the legislation. The Inflation Reduction Act (IRA) provided funds for green energy projects but did not include significant reform to the permitting process…