Alex Wong/Getty Images(WASHINGTON) When President Joe Biden signed the $369 billion Inflation Reduction Act in August, supporters hailed the measure as the largest climate investment in the nation's history but questions remained about what the spending would ultimately achieve. The majority of the funding took the form of tax credits meant to incentivize private investment in clean energy, such as wind and solar, and in theory, boost U.S. production of renewables as the nation pursues ambitious carbon emissions goals and a supply chain less dependent on China. The success of the strategy, however, in a large part hinged on the willingness of companies to pursue those tax credits. So far, dozens of firms have announced projects that qualify for government relief, totaling more than $40 billion in clean energy investment and adding nearly 7,000 jobs, according to a report from Clean Power America, an industry group representing green energy companies. New plans range from a bat
(WASHINGTON) When President Joe Biden signed the $369 billion Inflation Reduction Act in August, supporters hailed the measure as the largest climate investment in the nation's history but questions remained about what the spending would ultimately achieve. The majority of the funding took the form of tax credits meant to incentivize private investment