US Economy

TL/DR - The U.S. Department of Agriculture (USDA) has announced its plan to hire 40 Climate Change Fellows to assist with the high volume of applications from farmers, ranchers, and rural small businesses seeking funding for clean energy projects under the Rural Energy for America Program (REAP). These positions, funded by President Biden’s…

TL/DR - In 2023, provisions in the Inflation Reduction Act (IRA) impacted Korean electric vehicle (EV) makers - initially causing uncertainty when Korean companies were left off the list of eligible vehicles for the Section 30D $7,500 clean vehicle credit, but later benefiting them as many Korean EV models became eligible for the credit under the…

TL/DR - The Environmental Entrepreneurs non-partisan group has stated that 210 major energy projects announced since the Inflation Reduction Act, will create about 403,000 jobs in areas such as electric vehicles, battery storage and solar energy. E2 Executive Director Bob Keefe has said the Act has brought about the biggest economic revolution in…

TL/DR - In 2023, the U.S. Environmental Protection Agency (EPA) made significant strides in environmental protection and climate change mitigation, backed by investments from the Biden-Harris Administration. The agency introduced more than 50 rules, invested over $57 billion in environmental projects, and implemented crucial measures such as new…