White House Releases Initial Report Detailing Existing Resources for Energy Communities
Department of Energy Announces $109.5 Million to Support Energy Jobs, Executive Director to Spearhead Interagency Efforts
Today, theWhite House Interagency Working Group on Coal and Power Plant Communities and Economic Revitalization released a report that was delivered to President Biden and included the initial recommendations from the Interagency Working Group to catalyze economic revitalization, create good-paying, union jobs, and support workers in energy communities – hard-hit coal, oil and gas, and power plant communities – across the country.
The Interagency Working Group identified nearly $38 billion in existing federal funding that could be accessed by energy communities for infrastructure, environmental remediation, union job creation, and community revitalization efforts. This funding includes the over $260 million in existing resources already mobilized by the Department of t
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Who Are Tesla’s Biggest Competitors?
Tesla is fighting off competition from legacy manufacturers such as Ford, Volkswagen, and General Motors as well as new entrants that include China-based companies including NIO and XPeng.
Apr 20th, 2021
Pixabay
The automotive industry is shifting towards electric vehicles (EV) at a frantic pace. The number of companies entering this highly disruptive sector continues to gain momentum in 2021 and EV stocks were some of the top-performing companies in 2020.
According to a report from the International Energy Agency, the number of EVs sold worldwide rose from 45,000 in 2011 to 3.24 million in 2020. Markets and Markets expect EV deliveries to touch 27 million by 2030, indicating a compound annual growth rate of 21%.
Part 3 of 10: Realizing a Hydrogen Economy Series
International seaborne transportation is a primary driver of
international trade and the global economy, with approximately 80 percent of global trade by volume carried
by ships at sea. The shipping sector has experienced steady growth
for decades, although carbon dioxide (CO
2) is the primary greenhouse gas (GHG) emitted from
marine shipping. In 2012, CO
2 and GHG emissions from
international shipping were estimated to be around 2.1 percent and 2.2 percent of global
emissions, respectively. The International Maritime
Organization (IMO) has since developed an initial GHG strategy that
sets goals that international shipping should reduce total annual
GHG emissions by at least 50 percent by 2050 with zero emissions
New York US federal tax regulators and Congress have been addressing offshore wind industry needs to make tax equity financing more efficient, while the Department of Energy revamps its loan program to make $3 billion available to help build the offshore wind industry, experts said April 8.
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Tax equity investments have become popular in the US as a way to finance renewable energy projects, with $13 billion made in 2019, Scott Zimmermann, partner with law firm Wilson Sonsini Goodrich & Rosati, said during a webinar about offshore wind supply chain opportunities and challenges.