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…
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Treasury Issues Proposed Rules Providing Long-Term Certainty for Renewable Energy Development
Today, the Treasury Department and the Internal Revenue Service released guidance for the Investment Tax Credit (ITC) under Section 48 of the Internal Revenue Code, an incentive expanded by the Biden-Harris Administration’s Inflation Reduction Act to spur the construction of clean energy infrastructure and create new, good-paying jobs across the nation. President Biden’s economic platform…
Readout of Inaugural Meeting of the U.S. – Canada Energy Transformation Taskforce
Today, U.S. Special Presidential Coordinator Amos Hochstein and Deputy Prime Minister Chrystia Freeland co-hosted the inaugural meeting of the U.S. – Canada Energy Transformation Taskforce. The Taskforce is a key outcome of President Biden’s March 23-24 visit with Prime Minister Trudeau in Ottawa. The Taskforce will work with departments and agencies across both governments to accelerate cooperation…
FACT SHEET: Biden-Harris Administration Announces 10-Year Partnership with Tribes and States to Restore Wild Salmon, Expand Clean Energy Production, Increase Resilience, and Provide Energy Stability in the Columbia River Basin
The Biden-Harris Administration today announced a historic agreement to work in partnership with Tribes and States from the Pacific Northwest to restore wild salmon populations, expand Tribally sponsored clean energy production, and provide stability for communities that depend on the Columbia River System for agriculture, energy, recreation, and transportation. The Biden-Harris Administration has made an…
Remarks by President Biden at the 2023 Major Economies Forum on Energy and Climate
South Court Auditorium 8:35 A.M. EDT THE PRESIDENT: Thank you, John. And thank you so much for all — all of you being here. Good to see you all up on that screen. Today we have to do more than recognize the climate challenges we face. It seems to me we have to recommit ourselves…
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 Announces New Clean Energy Projects to Revitalize Energy Communities, Support Coal Workers, and Reduce Reliance on Competitors Like China
President Biden’s Investing in America Agenda is Creating Jobs, Lowering Costs, and Driving Historic Economic Growth and More Than $14 Billion in Federal Investments in Energy Communities Today, at a White House convening with energy communities, the Biden-Harris Administration will announce historic new actions to create jobs, lower costs, and invest in the energy communities…
OSTP Director Prabhakar on President Biden’s Work to Leverage Clean Energy to Meet the Climate Crisis
As prepared for delivery at the Tech for Climate Action Conference Thank you, Sasha. Thank you to my colleagues across government for championing this work, especially Senator Whitehouse. Anyone who is focused on climate knows just how monumental the task of meeting this crisis is. The world has to both decarbonize to limit climate change…
Joint Statement on U.S.-EU Task Force on Energy Security
Progress report and outlook 2022-2023 1. ACCOMPLISHMENTS AND MILESTONES One year ago this week, the United States and the European Union (EU) stood up a joint U.S.-EU Task Force on Energy Security launched by President Biden and President von der Leyen. The Task Force has made major progress in meeting its goals to reduce the EU’s…
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…
