Browsing Tag

China

Claiming Tax Credits for Clean Energy Under Inflation Reduction Act

TL/DR - The U.S. Department of the Treasury and the Internal Revenue Service released Proposed Regulations on clean electricity production and investment tax credits, known as Tech-Neutral Credits, on May 29, 2024. These credits are key to the Biden Administration’s energy incentives in the Inflation Reduction Act of 2022 and will play an…

China Maintains Clean-Tech Lead Over US Despite Biden’s IRA Plan

TL/DR - The article discusses China's growing lead in the clean-tech manufacturing sector over the U.S. It also mentions a $10 billion copper mine that is currently idle. Furthermore, the article notes that despite the Inflation Reduction Act, which was intended to boost advanced energy manufacturing in the U.S., the country still lags in this…