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                      Fill 29
                      11.29.2022

                      USA: with the Inflation Reduction Act, $300 billion has been allocated to reducing emissions

                      Market and policy

                      In August 2022, President Biden signed the Inflation Reduction Act, a $300 billion bill to reduce emissions in the USA. The measure provides for a 30% tax credit for 10-15 years for clean energy sources (including cogeneration) which, starting from 2025, will only be granted to carbon neutral technologies. Cogeneration can therefore access the incentive if the plants are powered with green fuels such as hydrogen and biomethane.

                      Original language: English
                      Origin: USA

                      Speaker

                      Katie Cullen
                      Partner, SC Partners LLC

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