The US House of Representatives has passed a US$1 trillion bipartisan infrastructure deal that will see the country's power infrastructure modernised to support new renewables projects
US clean energy and climate change measures would receive US$555 billion of investments under a proposed economic framework unveiled by President Joe Biden yesterday (28 October).
The US House Energy and Commerce Committee has included a US$150 billion Clean Energy Performance Programme (CEPP) as part of its US$3.5 trillion budget reconciliation package that would see power companies penalised or supported for the amount of renewable energy they produce.
The US renewables sector has welcomed the House of Representatives’ approval of a budget resolution that provides the framework for a US$3.5 trillion spending package.
The US’ transition to a carbon pollution-free power sector could see solar provide more than 40% of the country’s electricity by 2035, up from the current 3% level, according to a memo from the Department of Energy (DOE).
More than 100 organisations representing a variety of clean energy industries have written to the Biden administration urging it to enact a ten-year extension of the Investment Tax Credit
The US Department of the Interior (DOI) has established a new Climate Task Force to accelerate the adoption of renewable energy generation across the country and revoked several Trump administration policies promoting fossil fuels on public land.
US President Joe Biden has included a ten-year extension for the Investment Tax credit for both clean power generation and energy storage as part of a US$2 trillion infrastructure investment plan.
