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...The federal Treasury department said this week that Georgia had received almost $15bn worth of clean-energy project investments since the IRA passed in August 2022....
...“So that whoever is sitting in the White House or whoever’s legislating on Capitol Hill knows the importance of this to American workers, to American families, and frankly, to our national security.”...
...Hydrogen developers have taken their argument to John Podesta, the White House official in charge of implementing the IRA, and won the support of Joe Manchin, the fossil-fuel friendly Democratic senator...
...The White House on Tuesday warned against Republican efforts to derail a manufacturing boom triggered by Joe Biden’s signature climate legislation that has already brought “tremendous” benefits to the US...
...Experts say that the Biden administration has not yet made clear whether such arrangements will be allowed under the IRA’s foreign entities of concern rules....
...The IRA entitles consumers of electric vehicles to a clean vehicle tax credit of up to $7,500 as long as the raw materials and components meet certain thresholds....
...Should Republicans get their way, the White House argues, all of that is on the chopping block. Donald Trump is expected to gut the IRA if he wins back the White House in November....
...But Britain can’t conceivably afford to copy the IRA....
...Should Donald Trump return to the White House, it would spell trouble, not just for Panasonic but for all its rivals in Asia....
...Licking is on the frontline of the White House’s strategic supply chain initiatives, with Intel planning to build semiconductor factories worth $20bn in the county....
...Former Trump administration officials have told the FT that he will repeal the IRA, which includes lofty subsidies for offshore wind, if he returns to the White House....
...But in the shadows around him lurk sullen white faces brooding with resentment....
...Podesta has been an aggressive advocate of the IRA, the landmark climate law passed by Congress in 2022, as a tool to reindustrialise parts of the US’s rust-belt that suffered during globalisation in recent...
...The company also makes solar panels in Arizona and expects to receive $1.4bn in subsidies throughout the lifetime of the IRA....
...Brian Kemp, the state’s Republican governor, said the IRA had simply thrown money at “what was coming anyway”....
...The IRA has generally been welcomed by Brussels and indeed induced some serious spending envy....
...“The aim is to have an adequate and strong answer to the [IRA] and the fact that industrial investments in the US have been multiplied by three” since the law was enacted, Pannier-Runacher said....
...The White House said the IRA had unlocked historic levels of private sector investment in green energy, including more than $11bn in solar manufacturing and $7.7bn in offshore wind....
...Herweck said the EU needed to heed the lessons of the IRA. “I am not a big fan of subsidies,” he said. “In the US they are not just putting money into things. They are offering tax credits....
...And in the US, the IRA showcases the potentially unbridled reach of an expansive policy. While admirable in concept, such unwieldy and multi-faceted programmes can often have unproductive results....
...Mexico is covered by the IRA’s consumer tax credit to speed up the deployment of electric vehicles....
...The White House is expected to release guidance by the end of the year, which will help set a global standard for the fuel....
...“Most of the older white people here have all the money,” said Singletary. “Our generation, we’re just trying to get to where they are. What do we need to do that? We need jobs.”...
...That is now as serious a question as it was when the IRA bombed Margaret Thatcher’s cabinet....
...One solution proposed this year by Paul Bledsoe, a former White House official under President Bill Clinton, and Ed Gresser, an ex-trade official, would give EU companies access to the IRA’s green benefits...
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