December 20, 2024 Today, the Office of the National Cyber Director (ONCD) released an Energy Modernization Cybersecurity Implementation Plan. America’s energy landscape is becoming increasingly digitized. New internet-connected technologies enhance the efficiency, performance, safety, and resiliency of the electricity grid. These energy technologies are reducing costs for consumers; elevating the quality and reliability of energy…
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2024 in Clean Energy Tax Credits: Year in Review
Throughout 2024, the Treasury Department and the IRS provided new guidance on key provisions of the Inflation Reduction Act to provide clarity and certainty to taxpayers and support the deployment of critical clean energy technologies. These regulatory efforts are just one part of a wide range of activities implementing the Inflation Reduction Act tax credits,…
New Brazil-U.S. Partnership for the Energy Transition
Establishing a Climate-Forward Clean Energy Industrial Partnership Brazil and the United States share the goal of creating more competitive, clean, fair, and resilient economies by promoting the clean energy transition in a way that fosters economic growth and the generation of high-quality jobs, while reducing emissions and keeping our 1.5°C goals within reach, consistent with…
A Proclamation on National Clean Energy Action Month, 2024
When I think of clean energy, I think of good-paying jobs for American workers. Our Nation is leading the fight against the existential threat of climate change all while growing our economy and transitioning this country to a clean, reliable, and affordable energy future. During National Clean Energy Action Month, we recommit to investing in…
The Economics of Demand-Side Support for the Department of Energy’s Clean Hydrogen Hubs
Demand-side support can complement supply-side investments in clean energy industries, such as the Regional Clean Hydrogen Hubs program.
The Global Clean Energy Manufacturing Gap
To reach global net zero carbon emissions targets by 2050, the International Energy Agency (IEA) projects that by 2030, the renewable share of power generation must increase from 30 to 60 percent and the share of electric vehicles among global car sales must increase from 6 to 60 percent. To meet these targets, global clean…
Treasury Issues Proposed Guidance to Drive Advanced Clean Energy Manufacturing and Secure, Resilient Energy Supply Chains
Today, the Department of the Treasury issued a Notice of Proposed Rulemaking (NPRM) proposing rules for claiming the § 45X Advanced Manufacturing Production Tax Credit (PTC)—an incentive created by the Inflation Reduction Act (IRA). The Advanced Manufacturing PTC strengthens clean energy manufacturing by providing tax credits for manufacturers of clean energy components produced in the…
Accelerating Clean Energy Technologies Under the Biden-Harris Administration
Today, the White House Office of Science and Technology Policy (OSTP), U.S. Department of Energy (DOE), and the U.S. Department of State jointly released the second Mission Innovation National Innovation Pathway 2024 report, highlighting the Biden-Harris Administration’s actions to accelerate clean energy technology innovations. This report encourages continued international collaboration to build a pipeline of critical…
A Progress Report on Climate-Energy-Macro Modeling
Climate change presents intensifying physical risks across the Nation. In addition, the global shift away from carbon-intensive energy sources and industrial processes presents transition risks to workers, firms, and communities. Both physical and transition risks will have consequences for the economy, society, and overall well-being. The Biden-Harris Administration is committed to sound financial and fiscal…
Statement from President Joe Biden on New Clean Energy Jobs
When I think of combatting the climate crisis, I think of good-paying jobs for American workers. According to a new report released this week, in the two years since I signed the Inflation Reduction Act into law, companies have announced more than 330,000 new clean energy jobs. Many of these jobs are good-paying, union jobs…