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…

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…

G7 Clean Energy Economy Action Plan

     We, the leaders of the G7, are acting and enhancing cooperation to address the climate crisis and accelerate the global clean energy transition to reach net zero emissions by 2050 at the latest. We reaffirm our unwavering commitment to the Paris Agreement. We recognize that public and private investment in the industries of…

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