incentives
Top Story
Credit: Markus Distelrath/Pixabay
Federal incentives drive Midwest clean energy manufacturing boom
The Midwest is seeing a surge in clean energy investments, with $30 billion in private capital flowing in since the Inflation Reduction Act was passed in 2022.
In short:
- Midwestern states, including Michigan, Indiana, and Ohio, have attracted significant investments for clean energy projects.
- The region's manufacturing heritage is helping it become a hub for electric vehicles, batteries, and renewable energy equipment.
- More than 300 major clean energy projects have been announced nationwide since 2022, with the Midwest receiving about a quarter of the $123 billion total investment.
Key quote:
“This is like a new era in American manufacturing as it switches to clean energy.”
— Michael Timberlake, E2 communications director
Why this matters:
The investment surge is being funneled into a variety of renewable energy initiatives, from wind and solar farms to advanced battery storage and electric vehicle infrastructure. These projects are set to reduce the region's reliance on fossil fuels, cutting down on greenhouse gas emissions and air pollution. For states long dominated by traditional manufacturing and coal industries, this transition marks a significant pivot towards a greener future.
Keep reading...Show less
Newsletter
Puerto Rico commits to solar incentives as mainland states pull back
Puerto Rico extends solar incentives while other states reduce them, showcasing commitment to renewable energy.
In short:
- Puerto Rico is maintaining its solar energy credits, diverging from the trend of states like California and Arkansas reducing such incentives.
- The decision supports the island's ambitious clean energy goals and enhance energy security, especially in the face of frequent power outages.
- This policy has garnered unanimous political support.
Key quote:
"It is our responsibility to promote the transformation of our electricity system and promote any initiative that aims to avoid: the excessive dependence on fossil fuels, environmental pollution and increasing the effects of climate change."
— Puerto Rican Law on solar energy incentives
Why this matters:
Puerto Rico's steadfast support for solar incentives not only aligns with broader environmental goals but also addresses the immediate need for energy resilience in disaster-prone areas, directly impacting health and safety outcomes.
LISTEN: Daniel Carrión on the "heat stroke or go broke" dilemma
Keep reading...Show less
Newsletter
California has dealt a blow to renewable energy, some businesses say
Some companies are leaving the state or reducing their presence there after California greatly reduced incentives for homeowners to install rooftop solar panels.
Newsletter
Photo by Michael Marais on Unsplash
The (pretty short) list of EVs that qualify for a $7,500 tax credit in 2024
While fewer vehicles qualify for the full credit than before, there are still savings to be had on new, leased and used EVs.
‘Absolutely perverse’: Climate scheme could reward Australian coalmines whose emissions rise
Ten coalmines could increase their greenhouse gas pollution until 2030 while being financially rewarded under an Albanese government climate policy that is meant to cut industrial emissions, according to a new analysis.
Photo by Vivint Solar on Unsplash
New Hampshire utilities voice support for solar net metering
Utilities say the state’s net metering policy is balanced and effective, and that there’s no evidence of unjustified cost-shifting.
Photo by Charlie Deets on Unsplash
Tesla’s second quarter sales and deliveries rise as tax credits fuel demand
Incentives and price cuts made Tesla electric cars cheaper than comparable gasoline models. But the company faces growing competition in China, a key market.
ORIGINAL REPORTING
MOST POPULAR
CLIMATE
