The new incentives put the nation on a “strong course” toward substantially cutting greenhouse gas emissions by the end of the decade, Yellen will say.
Treasury Secretary Janet Yellen will promote climate investments in the Inflation Reduction Act.
The new incentives put the nation on a"strong course" toward substantially cutting greenhouse gas emissions by the end of the decade, Yellen will say. The Treasury Secretary will speak more on the topic during a visit to North Carolina's Research Triangle Tuesday.Treasury Secretarywill be touting tax credits and other private sector incentives passed in the Inflation Reduction Act in North Carolina this week, saying they will help low energy costs for consumers and greenhouse gas emissions across the U.S.
The act, which was signed into law in August, represents the largest climate spending package in U.S. history, withearmarked for domestic energy initiatives and to combat climate change. The investment, Yellen will say Tuesday at the Cypress Creek Renewables plant in Durham, N.C., puts the nation on a"strong course" toward substantially cutting greenhouse gas emissions by the end of the decade, according to excerpts of her speech released ahead of her trip.
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