Our most recent issue of SHDTC Updates focuses on local, state, and federal efforts to address climate change.
Despite concessions to get the the country's first significant climate legislation over the finish line, Senate passage of the Biden administration's "Inflation Reduction Act of 2022" will see the U.S. taking a leadership role in addressing climate change over the coming decade. Democrats said the effort "would represent the single biggest climate investment in U.S. history, by far" and put the country on track to reduce greenhouse emissions by 2030 from 2005 levels.
Some $369 billion in the package is targeted to climate efforts, including investments in renewable energy and tax rebates for consumers to buy new ($7500) or used ($4000) electric vehicles. Green tax incentives for consumers will also include a 10-year tax credit for renewable energy investments in wind and solar.
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SHDTC Updates-Climate_Issue 7-0822