In a milestone, the #US exceeds 5 million #solar installations
The 5 million milestone comes just eight years after the U.S. achieved its first million in 2016 -- a stark contrast to the four decades it took to reach that initial milestone since the first grid-connected solar project in 1973. Since the beginning of 2020, more than half of all U.S. solar installations have come online, and over 25% have been activated since #InflationReductionAct became law 20 months ago. https://electrek.co/2024/05/15/us-exceeds-5-million-solar-installations/
The Biden-Harris Administration is investing $124M in renewable energy and fertilizer for U.S. farms and businesses, aiming to lower costs and create jobs across 44 states. Funded by the Inflation Reduction Act, this initiative supports clean energy expansion and strengthens the agricultural supply chain.
"Most of the funding, $621 million, will go toward 36 projects aimed at bolstering the resilience of existing infrastructure through things like improving draining, moving roadways, and lifting up bridges.
An additional $119 million will go toward protecting, strengthening, or removing at-risk coastal infrastructure like highways."
Consumers can access up to $14,000 or more per household. Many will likely be able to start accessing rebates within months.
The rebates aim to partially or fully offset costs for efficiency projects like installing electric heat pumps, insulation, electrical panels and Energy Star-rated appliances."
"At least 305 major #CleanEnergy projects have been announced in 40 states and Puerto Rico since the IRA passed, Timberlake said, totalling more than $123 billion in capital investments. The Midwest, he added, has received about a quarter of those funds."
#ChristianLindner "spricht sich erneut für Kürzungen im Sozialbereich aus."
s/: Ja, da wäre ich allerdings auch dafür.
Anfangen sollten wir mit den #Angeordnetenbezügen:
Liegt das zu versteuernde Einkommen pro Kopf einer Familie mit mindestens einem Abgeordneten deutlich über dem (zu definieren), was die Familie in den letzten 3 Jahren vor dem Mandat,zuzüglich dem durchschnittlichen Lohnwachstum, eingenommen hat, werden die Bezüge auf...(zu defin.) gekürzt.
...Fokus, ist durch die dadurch (z.B. #InflationReductionAct von 2022) entstehende Wettbewerbsverzerrung mittels Subventionen in Europa kaum mehr zu denken. Die EU hat diesem Gigantprogramm vergleichsweise kaum etwas entgegenzusetzen.
#ChristianLindner verdient in all dem nur eine Fußnote der Geschichte. Er betreibt ganz klare #Klientelpolitik. Einkommensschwache Bevölkerungsgruppen werden ihn kaum wählen und da er wiedergewählt werden möchte,...
Analysis: Trump election win could add 4bn tonnes to US emissions by 2030
"This extra 4bn tonnes of carbon dioxide equivalent (GtCO2e) by 2030 would cause global #climate damages worth more than $900bn.
For context, 4GtCO2e is equivalent to the combined annual emissions of the EU and Japan, or the combined annual total of the world’s 140 lowest-emitting countries."
The article details how the historic #InflationReductionAct, Biden's signature climate law, leads to large emissions reductions.
"Republicans in the US House of Representatives have already made multiple attempts to repeal parts of the IRA. While some analysts think a full repeal of the act is unlikely, it is clear that a second-term Trump could – as Politico put it – ”hobble the climate law”."
"Imagine a future with home care and elder care so seniors and people living with disabilities can stay in their homes and family caregivers get paid what they deserve!" From #Biden's #SOTU
So glad he is going back to and ready to fight again for this part of the #InflationReductionAct -- support for #caregivers -- that unfortunately (and cruelly) didn't pass.
Nearly all new US power plants built in 2024 will be #CleanEnergy
"Now, in 2024, everyone from investor-owned utility companies to cooperatives, municipals and private developers across 50 states has decided carbon-free energy would be the most competitive option to meet their power needs. The industry’s aggregate investment decisions mean that 96% of all new large power plant capacity will be carbon-free."
"Looking back at the first full year since passage of the #InflationReductionAct, the U.S. Solar Market Insight, Year-in-Review 2023 shows that the legislation has skyrocketed the industry and will have a lasting economic impact in terms of #energy, #jobs and #investment opportunity."
"An analysis of the bill's impact shows that for every $1 the government invested, the private sector spent nearly $5.50."
“It’s proving the value of the federal government taking the lead, putting in place policy that says, ‘This is the direction that we’re headed: supporting decarbonization, supporting clean energy.'”
"We can certainly cut emissions by 40 percent, as stated in the #InflationReductionAct, or IRA, but we’re still far from the 50 percent reduction needed by 2030 to meet its commitments under the Paris Agreement.
As long as the government doesn’t “screw it up,” Keefe said, “We are quite literally on the cusp of the biggest economic revolution we’ve seen in this country in generations.”
The concern should not be the rising price tag of the #InflationReductionAct, but that so few American voters have heard about the Act.
"Within a year of its passage, the #IRA led to $282 billion of new investment and created some 175,000 #jobs, Goldman Sachs researchers found. They also estimated that it will drive $3 trillion worth of investments over the next decade."
Solar PV manufacturing rises in the US, thanks in part to Biden's #InflationReductionAct.
"Microsoft announced on Monday a massive 12GW US-made solar module supply agreement with South Korean solar manufacturer Qcells.
Equivalent to powering more than 1.8 million homes annually, the solar modules will be produced in the United States at a fully integrated solar supply chain factory in Cartersville, Georgia."
"A combination of government policies is finally succeeding in reversing a long decline in #SolarManufacturing in the #UnitedStates.
Last month, Suniva announced plans to reopen a Georgia plant, buoyed by tariffs, protective regulations and, crucially, lavish new tax breaks for #MadeInAmerica solar manufacturing that President #Biden’s signature #climate law, the #InflationReductionAct, created."
"Electric vehicles (#EVs) significantly cut lifecycle greenhouse gas #emissions in almost all circumstances and are the key technology for decarbonising road transport."
E.g.: Lifecycle EV emissions break even with those of gas cars at only 16,000 miles or less. Beyond that the climate wins all the way.
But there is a whole myth making machine that is trying to make. you think otherwise. Get the fact check here:
Really interesting article, thank you for sharing! World is complex and every solution has negative consequences.
#EV subsidies in #Norway reduced tailpipe emissions, but they also entrenched car dependence, undermining cities' ability to build walkable neighborhoods and improving public transport. They also increased #inequality as the subsidies do not benefit those that cannot afford a car at all.
Always mention that this is the poison pill Joe #Manchin put into the #IRA:
"The #InflationReductionAct required the Interior Department to propose a certain number of #oil and #gas leases in federal waters in exchange for the ability to propose clean #OffshoreWind energy projects. Three was the lowest number that would allow it to move forward with offshore wind lease sales around the country, the department said, given the requirements of the law."
" Don’t get fooled by a common myth. The reality: The landmark #IRA includes provisions to incentivize domestic #CleanEnergy#manufacturing and reduce U.S. dependence on China.
But though China does play an outsized role in the manufacturing of clean energy technologies, the #InflationReductionAct’s authors included provisions specifically seeking to remedy the situation by onshoring more of that supply chain within U.S. borders."