The US Bipartisan Infrastructure Investment and Employment Act was first introduced in the summer and passed quickly.
This includes around $5500 billion in new federal investments in American roads, bridges, water infrastructure, resilience, the internet and more.
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“It is intended to grow the economy, increase the US competitiveness, create good jobs, and make the US more sustainable, resilient and fair.
But with some stones turned over, it is hoped that there is more to come.
“We are committed to providing a range of services to our customers,” said Will Argent, funding provider for the VT Gravis Clean Energy Income Fund (Clean). Resilience measurement. ”
There will be allocations to rebuild the power grid, including thousands of miles of new transmission lines and expanding renewable energy capacity, including elements designed to promote electrification of transportation and improve the network of EV charging points. It’s here.
However, it should be noted that bipartisan dealings are the first step,” Argent said. A country towards a carbon-free economy. Among these is a $150 billion payment program designed to reduce greenhouse gas emissions from the electricity sector. ”
Utilities could be rewarded for increasing production of electricity from low emission sources such as solar, wind and hydropower. People who don’t do that may also suffer penalties.
“Regardless of the exact financial figures, investment in US decarbonization efforts is very long-term structural dynamic.”
“Companies with strong strategic positions in the US renewable energy sector will be able to be domestically or directly result from federal initiatives, state-level initiatives, or broader corporate sustainability ambitions. We will benefit from opportunities arising from future renewable energy generation capabilities,” says Argent.
