inflation reduction act

He’s basically preparing the country for tough decisions GOI has to take. Aside from fuel price hikes, there may be some mild curbs. But extravagant poll promises by all winning parties, including BJP, make economic management that much tougher

Washington isn’t interested in being a guarantor of anything, including energy supplies. New Delhi’s strategic response must centre around the one energy source it has in abundance

India is experiencing extreme heatwaves, with temperatures soaring and heatwaves arriving earlier and with greater intensity. This is exacerbated by the El Niño phenomenon, which is expected to strengthen. The heat poses significant health risks and economic challenges, impacting daily life and livelihoods across the nation. Adaptation and mitigation strategies are crucial for navigating this growing crisis.

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In a show of preemptive counter-programming, President Joe Biden on Tuesday travels to Wisconsin to highlight his economic policies in a state critical to his reelection fortunes, just a week before Republicans descend on Milwaukee for the party's first presidential debate. His trip comes on the eve of the anniversary of the inflation reduction act, major economic legislation that he signed into law with great ceremony but polls show that most people know little about it or what it does.

In a show of preemptive counter-programming, President Joe Biden on Tuesday travels to Wisconsin to highlight his economic policies in a state critical to his reelection fortunes, just a week before Republicans descend on Milwaukee for the party's first presidential debate.

The inflation reduction act, enacted in August, requires a portion of the critical minerals used in EV batteries to be mined in or processed domestically or from countries with which the US has free trade agreements.

Global investment in clean energy is on course to rise to USD 1.7 trillion in 2023, with solar set to eclipse oil production for the first time.

German carmaker Audi is planning an electric car factory in the United States to take advantage of the subsidies offered through the inflation reduction act (IRA), Chief Executive Markus Duesmann told the Frankfurter Allgemeine Sonntagszeitung.

The 1.5°C warming limit was enshrined into the Paris Agreement in 2015 as a shared goal of world governments. It’s a crucial threshold beyond which heat waves, rain, drought, flooding and sea level rise become increasingly intolerable.

Albemarle to invest over $1 bln in lithium plant as EV battery demand grows

The International Energy Agency (IEA) report reveals that renewable electricity capacity surge could lead to lower prices for sustainable e-fuels in the transport sector derived from electrolytic hydrogen. E-fuels, including e-ammonia and e-methanol, offer alternatives for hard-to-abate sectors like aviation and shipping. Government regulations are crucial for demand certainty of the 200 e-fuel projects. The report emphasizes the significant renewable electricity requirements and the need for electrolyzer capacity to produce enough hydrogen for e-fuels.

ALBEMARLE-CORP-RESULTS-Albemarle expects 40% Chinese EV market growth to drive lithium demand

A Chinese battery maker picked Illinois for a $2 billion gigafactory that's set to start production next year. Gotion High-tech Co's facility will create 2,600 jobs and is the "most significant new manufacturing investment in Illinois in decades," Governor J B Pritzker said in a statement on Friday.

Hyundai EV production in US: South Korean car manufacturer Hyundai Motor said that it begins EV production in the US in response to the US inflation reduction act (IRA), amid subsidy woes for imported EVs.