Today, as part of the Biden-Harris Administration’s Investing in America agenda, the U.S. Treasury Department (Treasury) and Internal Revenue Service (IRS) released initial guidance on the Domestic Content Bonus for the Investment Tax Credit (ITC) and Production Tax Credit (PTC) introduced by the Inflation Reduction Act. The Biden-Harris Administration is committed to ensuring that the…
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Treasury Issues New Guidance to Unleash Clean Energy Manufacturing
Today, the Department of Treasury (Treasury) and the Internal Revenue Service (IRS), in partnership with the Department of Energy (DOE), issued the first of two notices to provide guidance on how taxpayers can benefit from a crucial manufacturing program in the Inflation Reduction Act. The Advanced Energy Project Credit, which was first enacted by the…
FACT SHEET: Biden-Harris Administration Takes Action to Cut Energy Bills, Housing Costs and Climate Pollution
Administration invests over $100 million to renovate homes with zero energy and climate resilient technology Announcement will help advance goal of cutting the cost of decarbonizing housing in half within a decade while lowering energy bills and increasing affordable housing supply Since Day One, the Biden-Harris Administration has advanced the most ambitious climate agenda in…
CEQ Chair Mallory Highlights Administration’s Clean Water, Clean Energy, Permitting, and Conservation Progress in House Natural Resources Hearing
WASHINGTON, D.C. — Today, White House Council on Environmental Quality Chair Brenda Mallory appeared before the U.S. House of Representatives Committee on Natural Resources for a hearing titled, “Examining the Council on Environmental Quality Fiscal Year 2025 Budget Request and Related Policy Matters.” Chair Mallory submitted the following written testimony for the record: Introduction Chairman…
Remarks by President Biden on Creating Good-Paying Union Jobs, Investing in America, and Building the Clean Energy Future
Tioga Marine TerminalPhiladelphia, Pennsylvania 3:30 P.M. EDT THE PRESIDENT: Hello, everybody. It’s good to be almost home. Hey, guys, I live in Delaware. Okay? (Laughter.) And, by the way, I’m a big Pennsylvania guy, but you have an advantage in Philly. One, I married a Philly girl. Two, you’re between Scranton and Wilmington. You know, Scranton…
United States – Australia Statement of Intent: Climate, Critical Minerals, and the Clean Energy Transformation
The United States and Australia recognize that climate change is a threat to global stability, security, and prosperity, including in the Indo-Pacific. The United States and Australia affirm that accelerating the global clean energy transformation is pivotal to keeping the 1.5 degrees Celsius goal within reach and creating an inclusive, clean energy economy. The United…
Remarks by Vice President Harris at COP28 Leaders’ Session, “Fast-Tracking the Just, Equitable, and Orderly Energy Transition”
Dubai, United Arab Emirates THE VICE PRESIDENT: Thank you, and good afternoon to everyone. It is good to be here with the leaders who are present from government, from civil society, and philanthropy. And I want to start by thanking you all for your partnership in taking on, of course, one of the most urgent…
Investing in America – CleanEnergy.gov
The Inflation Reduction Act lowers energy costs for consumers and small businesses while creating good-paying jobs as America’s clean energy economy and manufacturing sectors grow. Learn more below on how you or your family can save on utility bills, get support to purchase electric vehicles and energy-saving appliances, and access the economic opportunities of the…
Readout of Homeland Security Advisor Dr. Liz Sherwood-Randall and Senior Advisor for Energy and Investment Amos Hochstein’s Trip to Mexico
On April 16, Assistant to the President and Homeland Security Advisor Liz Sherwood-Randall and Deputy Assistant to the President and Senior Advisor for Energy and Investment Amos Hochstein travelled to Mexico City to meet with President Andrés Manuel López Obrador and with Foreign Secretary Alicia Bárcena to advance the extensive economic and security cooperation between…
How to Engage with Treasury on Clean Energy Tax Incentives
President Biden’s Inflation Reduction Act represents the most aggressive action to confront the climate crisis in our nation’s history. It will make unprecedented investments in America’s clean energy future, strengthen our nation’s energy security, and advance environmental justice. And it will lower energy costs for families who want to install energy efficient appliances, make energy-saving…
