Demand-side support can complement supply-side investments in clean energy industries, such as the Regional Clean Hydrogen Hubs program.
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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…
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…
Treasury Releases New Guidance to Drive Clean Energy Investment to America’s Energy Communities
Today, the Department of Treasury and the IRS released guidance that provides detailed information about how clean energy projects located in energy communities can claim additional bonus credits on top of the base Investment and Production Tax Credits in the Inflation Reduction Act. Since day one, the Biden-Harris Administration has been committed to building a…
Building a Thriving Clean Energy Economy in 2023 and Beyond
Heather Boushey, Chief Economist, Investing in America Cabinet Justina Gallegos, Deputy Director for Industrial Innovation, Office of Science and Technology Policy In 2021 and 2022, President Biden signed into law his Investing in America agenda, a series of strategic public investments in industries critical for the long-run economic growth of the United States. This included…
International Partnerships in a New Era of Fusion Energy Development
President Biden has taken tremendous action to tackle the climate crisis at home and abroad. The United States is expanding domestic and global efforts to leverage market forces, inclusive technological innovation, and investments to accelerate the next generation of clean energy technology breakthroughs, including fusion energy. These technologies will help us meet our individual and…
A Proclamation on National Clean Energy Action Month, 2023
America is once again leading the world in the fight against climate change, and our Nation is in the midst of a clean energy revolution — reducing pollution, lowering energy costs, creating good-paying jobs, and making sure clean energy technologies are made in America. During National Clean Energy Action Month, we celebrate that historic progress…
Remarks as Prepared for John Podesta Columbia Global Energy Summit
New York, New York Thanks so much, Jason. It’s great to be with all of you today. I want to commend the Columbia Center on Global Energy Policy for everything you do to advance the policy conversation on the most pressing global climate and clean energy issues. We’re coming together at a moment when the…
Biden-Harris Administration Announces Historic $20 Billion in Awards to Expand Access to Clean Energy and Climate Solutions and Lower Energy Costs for Communities Across the Nation
Vice President Harris and Administrator Regan to visit Charlotte, North Carolina to announce selectees under the Inflation Reduction Act’s Greenhouse Gas Reduction Fund First-of-its-kind national network to fund tens of thousands of climate and clean energy projects across America, especially in communities historically left behind and overburdened by pollution Today, Vice President Kamala Harris and…
