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Treasury Department guidance urgently needed to tap IRA s clean energy gold mine, analysts say

Biden s $2 3 trillion infrastructure plan meets power system needs, but leaves room for political dealing

The Biden proposals Much of the $2.3 trillion AJP investment would go toward modernize U.S. highways, roads, bridges, trains, buses, stations and airports. It would also retool U.S. manufacturing to build zero emission transportation infrastructure like zero emission vehicle fueling and charging stations. Analysts estimate around $200 billion would go to the energy transition and power system transformation. The proposal would also transition U.S. buildings away from fossil fuel heating and make them more energy efficient. Biden s plan includes a limited tax credit to speed near-term transmission development and new Department of Energy authority would streamline longer-term transmission expansion.

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