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The Inflation Reduction Act is signed into law

Smart Energy International

President Joe Biden has signed into law the most significant piece of legislation supporting clean energy and climate change mitigation in US history. With this law, the American people won and the special interests lost,” Biden said at a bill signing ceremony on 16 August. By Jennifer Runyon and John Engel. Transmission.

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The US electric power sector is halfway to zero carbon emissions

Renewable Energy World

Renewable energy’s rapid growth is accelerating a national shift to a carbon-free electric power system. and Puerto Rico have adopted laws or executive orders setting goals for reaching 100% clean electricity by 2050 or sooner. is using much more low-carbon and carbon-free electricity today than projected in 2005. And 46 U.S.

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What is in the Inflation Reduction Act of 2022? We summarize.

38 North Solutions

The Rhodium Group released preliminary analysis of the bill finding that the Inflation Reduction Act would cut US net greenhouse gas emissions down to 31% to 44% below 2005 levels in 2030 compared to 24% to 35% under current policy. Should this bill become law, from 2022-2024, these credits are extended and restored to their full value.

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FirstEnergy’s Carbon-Reduction Pledge Lacks Clear Path to Cutting Coal Use

GreenTechMedia

Carbon dioxide emissions from PJM’s 13-state footprint have fallen by 34 percent from 2005 to 2019 to stand at 850 pounds per megawatt-hour of generation, according to a March report. The law also directs state ratepayer funds to support two coal-fired power plants operated by Ohio Valley Electric Corp.

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New Report Shows Gap Between Utility Carbon Pledges and Climate Change Imperatives

GreenTechMedia

utilities are on track to reduce carbon dioxide emissions by 80 percent by 2030 compared to a 2005 baseline, the target needed to prevent global warming beyond 1.5 Wind and solar power accounted for just above 10 percent of U.S. A new report from the Sierra Club finds that almost no U.S. “We need federal action on this issue.

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Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

Business Green

Barring any late Congressional dramas, President Joe Biden could sign the Inflation Reduction Act (IRA) into law before the week is out, triggering a multi-billion dollar green investment bonanza that promises to drastically accelerate US emissions reduction efforts. And advanced nuclear power production tax credits of 1.5