Tag Archives: U.S. economy

FACT SHEET: President Biden Directs Agencies to Analyze and Mitigate the Risk Climate Change Poses to Homeowners and Consumers, Businesses and Workers, and the Financial System and Federal Government Itself

The White House Briefing Room, May 20, 2021

Agency Actions Will Better Protect Workers’ Hard-Earned Savings, Create Good Jobs, and Position America to Lead the Global Economy

Today, President Biden took action to address the serious threat that the climate crisis poses to our economy. Extreme weather related to climate change can disrupt entire supply chains and deprive communities of food, water, or emergency supplies. Snowstorms can offline entire power grids. Floods made worse by rising sea levels destroy homes and businesses. As the United States builds a modern and equitable clean energy future that creates millions of good-paying jobs and advances environmental justice, the agency actions spurred by the President’s directive today will help safeguard the financial security of America’s families, businesses, and workers from the climate-related financial risks they are already facing. Continue reading here.

Additional White House Releases

Executive Order on Climate-Related Financial Risk

Industry Vows to Continue Fight for Pro-Solar Policies, Despite Missed Opportunity This Year

SEIA News Release 

WASHINGTON, D.C. — Today Congress and the White House were unable to agree on including an extension of the solar Investment Tax Credit (ITC) in an end of year tax package, meaning the credit will decrease at the end of this year. The measure also failed to include energy storage in the ITC. This represents a missed opportunity to take an achievable step to boost the economy, add jobs and reduce carbon emissions.

Following is a statement from Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association on this development: 

“While I’m disappointed by this missed opportunity to boost the U.S. economy and jobs, and tackle climate change, I’m heartened that voter support for clean energy policies is at an all-time high. The solar ITC is a proven way to generate tens of billions of dollars in private investment each year, while substantially reducing carbon emissions. We will look for opportunities next year to again engage our incredibly supportive solar community and work with Congress on clean energy policies that work for all Americans.” Read the entire news release here.

Additional Recommended Reading

Infrastructure and Energy Alternatives, Inc. Announces Wind Construction Project Award in Nebraska

Infrastructure and Energy Alternatives Press Release, Globe Newswire

The award is for construction of the Thunderhead Wind Project in Antelope and Wheeler counties in Nebraska. The project will consist of 108 GE turbines with 300 megawatts of capacity. The power will be delivered into the Nebraska electrical grid. Work on the project began in November with completion scheduled for September 2020. The scope of IEA’s work includes construction of project access roads and turbine foundations, as well as erection of the turbines. Read more here.

Previously Posted: AT&T set to buy power output from new northeast Nebraska wind farm, News Channel Nebraska

Photo Credit: Invenergy

MORE CORPORATE NEWS

RE100 UPDATE: 216 RE100 companies have made a commitment to go ‘100% renewable’. Read about the actions they are taking and why.

RE100 ANNUAL REPORT

 

 

Going 100% renewable: how committed companies are demanding a faster market response

 


ENERGY STORAGE NEWS

NEW PV MAGAZINE US SENIOR EDITOR: PV Magazine announces veteran industry journalist, Eric Wesoff, as US senior editor

TIME-OF-USE RATES: Survey: Customer education needed for time-of-use rates to be successful, Energy News Network

SOLAR SCHOOLS: Editorial: PPAs offer a financial bright side for our schools, Richmond.com

CIRCULAR ECONOMY: The circular economy can be a holistic approach to addressing climate change, GreenBiz

NATIONAL CLIMATE BANK ACT: National Climate Bank initiative could be a boon for solar, PV Magazine. A companion bill to the National Climate Bank Act is expected to be introduced in the House, which could provide a huge boon to the solar and the solar plus storage markets.

CLIMATE RISKS

SEIA NEWS RELEASE

Study: Solar Tariffs Cause Devastating Harm to U.S. Market, Economy and Jobs
Tariffs on imported solar cells and modules have led to the loss of more than 62,000 U.S. jobs and $19 billion in new private sector investment, according to a market impact analysis released today by the Solar Energy Industries Association (SEIA).