The White House released the first edition of a new resource titled Building a Clean Energy Economy: A Guidebook to the Inflation Reduction Act’s Investments in Clean Energy and Climate Action, which provides clear descriptions of the law’s tax incentives and funding programs to build a clean energy economy, lower energy costs, tackle climate change, and reduce harmful pollution. The Guidebook will help state, local, territorial, and Tribal leaders, the private sector, non-profit organizations, homeowners, and communities better understand how they can benefit from these investments and unlock the full potential of the law. The Guidebook walks through the law program-by-program and provides background on each program’s purpose, eligibility requirements, period of availability, and other key details.
In a letter at the beginning of the Guidebook, John Podesta, President Biden’s Senior Advisor for Clean Energy Innovation and Implementation, said:
“When President Biden signed the Inflation Reduction Act into law in August 2022, he said the new law ‘is not just about today, it’s about tomorrow. It’s about delivering progress and prosperity to American families.’ The Inflation Reduction Act makes a historic commitment to build a new clean energy economy, powered by American innovators, American workers, and American manufacturers, that will create good-paying, union jobs and cut the pollution that is fueling the climate crisis and driving environmental injustice.”
The Inflation Reduction Act Guidebook follows the successful model of the Bipartisan Infrastructure Law Guidebook and creates a roadmap for the clean energy and climate funding available under the law at the program level.
Since President Biden signed the Inflation Reduction Act four months ago, his administration has been working quickly to design, develop, and implement its programs. This Guidebook provides information on current and prospective clean energy and climate programs.
The Inflation Reduction Act builds on the foundational climate and clean energy investments in President Biden’s Bipartisan Infrastructure Law. Through his historic legislative accomplishments, along with key executive actions and international leadership, the Administration is delivering on the President’s ambitious climate agenda centered on workers, families, and communities. President Biden has made transparent communication and open engagement top priorities as a means to ensure successful implementation and to fully unlock the unprecedented benefits of the law. This Guidebook is critical step toward delivering on that vision.
To view the Guidebook in full, click here.
Source: The White House