The Inflation Reduction Act has sparked a boom in domestic solar panel manufacturing, though the U.S. still depends on China for certain steps of the supply chain.
  • lnxtx@feddit.nlEnglish
    31·
    7 days ago

    Well, well. Welcome to the capitalism.

    From the other article:

    [the IRA] Provide incentives for private investment. The majority of the $394 billion in energy and climate funding is in the form of tax credits. Corporations are the biggest recipient, with an estimated $216 billion worth of tax credits. These are designed to catalyze private investment in clean energy, transport, and manufacturing. Many of the tax incentives in the bill are direct pay, meaning that an entity can claim the full amount even if its tax liability is less than the credit.

    • silence7@slrpnk.netOP
      10·
      7 days ago

      The IRA is absolutely a bill which uses capitalist mechanisms to achieve some decarbonization.