The recently enacted Inflation Reduction Act contains highway-related provisions that aim to give a boost to infrastructure projects in disadvantaged communities and for the use of low-carbon construction materials on federal highway projects.
The $3 per kilogram production tax credit in Inflation Reduction Act, in effect for 10 years, will make green hydrogen competitive with fossil-fuel generated gray hydrogen, says Plug Power CEO Andrew Marsh.
Federal efforts to counter climate change have received a major boost through a just-enacted $700-billion measure whose centerpiece is a variety of tax incentives and federal funds aimed at reducing greenhouse gas emissions.
Final congressional approval of measure, which includes funding and tax-credit extensions aimed to reduce carbon emissions through projects in energy, transportation, water, buildings and manufacturing sectors, came in a 220-207 party line vote.
Outgoing Gov. Charlie Baker signs bill to expand renewable energy development and EV vehicle use, but is concerned its gas ban could impact affordable housing in the state
Construction Industry Institute experts explored their latest findings on material tracking and sustainability for construction at the group's annual conference.
Sen. Joe Manchin (D-W.Va.) and Senate Majority Leader Charles Schumer (D-N.Y.) agreed July 27 on bill they say would infuse billions of dollars in energy infrastructure projects and cut U.S. carbon emissions by 40% over the next decade.
Sector participants worry now if U.S. and global politics, and market forces, could slow or disrupt missions, but they're building on 2021 revenue gains and new momentum from an unexpected climate-change deal Senate Democrats passed on Aug. 7 with $369B in potential funding and expected House approval by Aug. 12.