Biden administration invests in clean energy to revitalize coal communities.

1 min read
Source: Fox News
Biden administration invests in clean energy to revitalize coal communities.
Photo: Fox News
TL;DR Summary

The White House plans to provide tax incentives for clean energy developers and facilities to build projects in communities that have struggled to rebound from coal plant and other fossil fuel shutdowns. The Treasury Department and IRS released guidance outlining tax incentives to incentivize more clean energy investment in energy communities, particularly coal communities. The DOE will make $450 million from the 2021 infrastructure law available for clean energy demonstration projects on mine lands and $16 million available to the University of North Dakota and West Virginia University for critical mineral refinery projects.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

4 min

vs 5 min read

Condensed

89%

82993 words

Want the full story? Read the original article

Read on Fox News