The USA will increase its green capacity by a quarter in four years – the president shutterstock

The USA will increase its green capacity by a quarter in four years – the president

Katerina Belousova

A number of initiatives for the "green" transition have been launched in the country

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.

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.

Related
US can join the greening of global trade and implement its CBAM
US can join the greening of global trade and implement its CBAM

Local steel and cement producers need protection in the decarbonization process

$1 billion will be spent on greening the homes of low-income people in the USA
$1 billion will be spent on greening the homes of low-income people in the USA

Climate change has increased the frequency and severity of natural disasters that hit low-income communities the hardest

The US will spend $3.7 billion to remove carbon from the atmosphere
The US will spend $3.7 billion to remove carbon from the atmosphere

Legacy carbon pollution is already causing significant damage from climate change, including stronger storms, floods and wildfires

Biden ordered to protect the oldest trees in the United States
Biden ordered to protect the oldest trees in the United States

Redwood forests are one of the world's most efficient means of removing and recycling carbon dioxide