It takes five years to connect a new wind or solar farm to the electric grid. New federal rules would only partly resolve the issue, experts say.
Category: Inflation Reduction Act of 2022
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Drugmakers Throw ‘Kitchen Sink’ to Halt Medicare Price Negotiations
The government will soon announce the first 10 medications that will be subject to price negotiations with Medicare under a new law. Drugmakers are fighting the measure in court.
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Agriculture Dept. to Invest $300 Million to Measure Greenhouse Emissions
The agency is seeking to better monitor greenhouse gases released through farming, which is responsible for about 10 percent of national emissions.
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The Energy Transition Is Underway. Fossil Fuel Workers Could Be Left Behind.
The Biden administration is trying to increase renewable energy investments in distressed regions, but some are skeptical those measures would be enough to make up for job losses.
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Energy Tax Credits, Meant to Help U.S. Suppliers, May Be Hard to Get
The Inflation Reduction Act contains tax breaks for solar and wind companies to buy American equipment. Qualifying won’t be easy.
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Merck Sues Over Medicare Drug-Price Negotiation Law
The company is heavily reliant on a cancer drug that could be targeted by a program intended to lower drug prices.
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Hyundai and LG Plan $4.3 Billion Battery Plant in Georgia
The facility is the second battery project under development in the state by Hyundai Motor Group and may bring 3,000 jobs.
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G7 Countries Borrow China’s Economic Strategy
Wealthy democracies rev up an effort to spend trillions on a new climate-friendly energy economy, while stealing away some of China’s manufacturing power.
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An Automaker Has a Stark Warning for the U.K. Car Industry
Stellantis said post-Brexit export rules and the lack of a domestic battery manufacturer could force it to close its plants in Britain.
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Biden Vetoes Legislation That Would Reinstate Tariffs on Some Solar Panels
President Biden announced a two-year pause on the tariffs last year after importers complained that the penalties would threaten broader adoption of solar energy in the United States.
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Rural Georgia Factory, Flush With Federal Funds, Votes to Unionize
Friday’s victory by the United Steelworkers at a factory building electric school buses was a test for Democratic hopes that clean-energy funding from Washington could bolster organized labor.