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US Economy

Economists: Australia Shouldn’t Mimic US Act for Net Zero Transition

TL/DR - Australia's top economists are urging Prime Minister Anthony Albanese not to follow the US's 'think big' approach to clean energy. A survey of 44 Australian economists revealed that most prefer grants for innovative firms across all sectors rather than specific support for renewable energy projects. They also cautioned against competing…

Inflation Act Funds Restore Minute Man Park Habitats

TL/DR - Minute Man National Historical Park has received about $410,000 from the Inflation Reduction Act (IRA) funds to restore and protect the park's critical habitats. The funds will support the Resilient Forest Initiative and other projects aimed at conserving grassland habitats. The Initiative is also being implemented in 18 other Northeast…

Record Solar Installations in 2023 Due to Inflation Act

TL/DR - For the first time in 80 years, a renewable electricity source has accounted for over 50% of annual capacity additions. Total U.S. solar capacity is predicted to grow to 673 GW by 2034, enough to power over 100 million homes, and total solar deployment could quadruple over the next decade with continued clean energy policies. Several…