Canary Media detailed how funding from the IRA would be allocated, quoting AEE's Harry Godfrey on the massive impact the bill will have on US clean energy technologies. Read snippets below and the full article here.
Senator Joe Manchin has agreed to work with Democratic Senate colleagues to quickly pass a climate and health bill that could direct nearly $370 billion over 10 years toward clean energy, electric vehicles, pollution reduction and energy security — potentially the largest-ever single federal investment in fighting climate change.
“This bill really represents a tremendous step toward smart investments and forward-looking industrial policy that can make the United States the arsenal of clean energy technology,” said Harry Godfrey, managing director at trade group Advanced Energy Economy. The bill targets both short-term relief from the ballooning fossil fuel costs driving inflation and long-term investments in industrial capacity, he said.
Read the full article here.