September 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Inflation Reduction Act Arrives at One-Year Anniversary The Inflation Reduction Act (IRA) directed over $369B toward incentives for nearly every corner of the clean energy industry. A year later – nearly $200B in tax credits stand at the center of IRA’s goals to clean up the two biggest sources of U.S. greenhouse gas …

August 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Update on Biden Administration’s Investing in America Tour President Biden and team recently toured the U.S. to directly communicate with communities impacted by his Investing in America Agenda. During the tour, the President discussed how federal investments including the Inflation Reduction Act (IRA) and Bipartisan Infrastructure Law (BIL) are driving a manufacturing and …

July 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* IRS and Treasury Release Additional Guidance on Low-Income Community Credit Program The Internal Revenue Service (IRS) and the Department of Treasury recently closed the comment period on a Notice of Proposed Rulemaking concerning the low-income communities’ bonus energy investment credit program. Established under the Inflation Reduction Act (IRA), this Program is designed to …

June 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Environmental Protection Agency Releases Framework for Greenhouse Gas Reduction Fund The Environmental Protection Agency (EPA) released new details on implementing the $27B Greenhouse Gas Reduction Fund (GGRF). Funds for the GGRF were provided by the Inflation Reduction Act (IRA); this Program will leverage public investment with private capital to finance clean energy projects …

2024 Budget with calculator

May 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* U.S. Government Draft Budget Proposals Released for Fiscal Year 2024 In the President’s Budget Message, President Biden states his budget goals to continue lowering costs like affordable housing, home energy bills, and more. Budget Highlights include: Department of Energy (DOE): $11.9B in climate and clean energy research development, demonstration, and deployment to achieve …

Scales Environmental Justice

April 2023 Policy Blog

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Kristen Cheriegate  |  ICAST Policy Analyst ******************* Biden-Harris Administration Announces $550 Million to Advance Environmental Justice The Environmental Protection Agency (EPA) announced the availability of $550M from President Biden’s Inflation Reduction Act (IRA) to expedite investments through EPA’s new Environmental Justice Thriving Communities Grantmaking (EJ TCGM) program. This program will fund up to 11 entities to serve as grantmakers that …