pull down to refresh

Inflation Reduction Act Opens New Doors for Growth of RenewablesComputeNorth.com/inflation-reduction-act-opens-new-doors-for-growth-of-renewables
16 sats \ 2 comments \ @BTCMiner 18 Aug 2022 bitcoin
write
preview
related posts
10 sats \ 0 replies \ @BTCMiner OP 18 Aug 2022
The Act invests a historic $370 billion toward combatting climate change over the next decade.
Tax credits are available to companies for investments in wind, solar, geothermal, nuclear, and hydrogen energy, biofuels, and technology that captures carbon from fossil fuel power plants.
Another major focus of the IRA is its initiative to move the U.S. completely off coal in the next decade. [...] This includes $10 billion in direct payments to rural electric co-ops that pay for the cost of a clean energy transition. The USDA will administer direct payments for these co-ops to retire their coal-fired power plants.
Industry observers expect the IRA to open a gaping door for a much broader scope of renewable projects that can continue the drive to a more sustainable and lower-cost reality for crypto mining.
Many investors previously uninvolved or uninterested in the sector now have a world of incentive to get involved in renewable projects throughout the country. With this Act, leaders anticipate the creation of new renewable energy sources, data center projects, and more.
reply
10 sats \ 0 replies \ @pi 18 Aug 2022
Those who initially denied there was inflation, and then insisted it was transitory are now going to reduce it… by decree! And these are the same ones that actually created it in the first place!
You got to be kidding me?
“Inflation Reduction Act” LOL 🤣
At least they have a sense of humour.
reply