The Trump administration has made the qualifications for clean energy tax credits stricter, which could jeopardize the viability of numerous wind and solar energy initiatives in progress.
The new rules from the Treasury Department, which came out on Friday, place stricter limitations on tax credits for renewable energy producers.
President Donald Trump’s executive order has prompted the Treasury Department to implement new restrictions on tax credits, marking an increasing effort against wind and solar energy.
The crackdown, involving various new permit assessments for projects within the Interior Department and the scrapping of a large wind farm proposal in Idaho, is happening during a crucial period in the US as it grapples with a potential power supply shortfall to support the increasing needs of data centers utilizing artificial intelligence.
Oil market is getting ready for surplus supply as the USA and European Union ink a deal, with reduced car rates hinging on new legislation. Johnson & Johnson plans to invest $2 billion in US production, while China explores using stablecoins backed by yuan to enhance global currency usage.
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