US President Joe Biden has announced that the country will increase its use of solar, wind and batteries by 25% over the next four years.
This will be achieved thanks to investments in green energy, he wrote on Twitter.
As you know, in August 2022, the US Senate approved the Inflation Reduction Act (IRA), which provides for more than $400 billion in investments to fight climate change, reduce inflation, and improve access to health care over 10 years. It is America's largest investment to slow global warming and reduce demand for fossil fuels.
Because of clean energy investments, there will be a 25% increase in solar, wind, and battery deployment over the next four years. pizza.twitter.chom/Ггл1фбп1в
— President Biden (@POTUS) June 1, 2023
In addition, the country announced the launch of a number of initiatives for the green transition, including:
- increasing the water and energy efficiency of multi-story housing for low-income people;
- adaptation to climate change;
- encouraging the transition to electric cars and heat pumps;
- starting a carbon capture and storage industry;
- decarbonization in energy-intensive industries, in particular the production of steel, aluminum, cement, chemicals, ceramics, and paper;
- development of available green hydrogen technologies, etc.
Earlier, EcoPolitic wrote, that the Senate of the State of California unanimously approved the bill SB 605, which will ensure the development of wave and tidal energy as a new source of renewable energy.
As EcoPolitic previously reported, in the US, the draft law on reducing inflation, among many climate-oriented provisions, includes tax incentives for the production of green hydrogen at the world's lowest price of $0.73 per kilogram.
