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...Repealing the IRA would require an act of Congress....
...This article has been amended to clarify the types of project investment that Georgia and South Carolina have attracted since the IRA and Chips Act were enacted...
...Ira SohnNew York, NY, US...
...The energy consultancy found that announcements in green hydrogen capacity have increased 53 per cent since the IRA’s passage last year....
...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 backlog is worsening as more projects are attracted due to the incentives in the IRA, according to the report....
...Additional reporting by William Langley in Hong Kong...
...Many Republican leaders — including some primary runners and Johnson — have railed against the IRA, even though the red areas of the country are disproportionately benefiting from the green project surge...
...Companies that are 25 per cent or more owned by Chinese, Russian, North Korean or Iranian entities will be ineligible for US incentives like tax breaks and grants under the Inflation Reduction Act (IRA)....
...CIA Director William Burns has argued that, for the US, the answer is “not to decouple from an economy like China’s, which would be foolish, but to sensibly de-risk and diversify by securing resilient supply...
...I’m at aime.williams@ft.com....
...The factories are part of the emerging so-called battery belt in the South of the US, which has also received a boost from $369bn in tax credits made available under the IRA....
...Alex Williams is a macroeconomist at Employ America, a think-tank dedicated to securing full employment and low inflation....
...“So, the IRA, Biden — bad. Green energy stuff — bad....
...Aime Williams, whose recent trip through Manchin’s coal-rich home state of West Virginia is a must-read, explains the politics....
...“Now that we have the IRA, the uncertainty on access to capital and policy regarding tax credits is gone....
...Under the IRA, green hydrogen produced there is subsidised at $3 per kilogramme....
...“It’s tense,” said Mike Williams, a senior fellow at the Center for American Progress, a progressive think-tank....
...The IRA tax credits are partly designed to encourage a revival of domestic supply chains and manufacturing and regain jobs in the US that had been lost to Asia....
...More than $56bn in electric vehicle and battery projects have been announced in the US since the IRA’s passage, according to an FT analysis....
...The IRA’s impact will only be felt from 2025, BNEF reckons. The roadblocks facing the onshore wind industry are shared by the renewable sector at large....
...He argued allies who have hit out at the IRA should “welcome US leadership”....
...“Today, we just don’t know how all the IRA tax credits will be treated,” said Odintz....
...In exchange, traded goods from G7 countries agreeing to the terms could be eligible for some of the subsidies under the IRA, including but not limited to tax credits for minerals, batteries and car parts...
...“Industrial America just abandoned these communities,” says Williams. But at the moment, its operation is limited in scale — it employs just 140 people....
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