Focus Greentech Media – December 22
The U.S. Congress this Monday passed a massive spending bill that includes $35 billion in energy research and development programs, a two-year extension of the Investment Tax Credit for solar power, a one-year extension of the Production Tax Credit for wind power projects, and an extension through 2025 for offshore wind tax credits a significant last-minute boost for clean energy industries. These clean energy provisions are included in a $1.4 trillion federal spending and tax extension package negotiated by congressional leaders over the weekend alongside a $900 billion coronavirus relief package. The final version of the legislation was passed by the House of Representatives and the Senate on Monday evening. As of this publication, President Donald Trump was threatening to veto the legislation.
These Top Renewable Energy Stocks Are In Focus Before 2021
It has been a remarkable year for renewable energy stocks so far. They are amongst the top-performing sectors in the stock market. It is no surprise that top renewable energy stocks have outpaced the broader energy industry in 2020. This is because, with the ever-growing threat of climate change, renewable energy is a key focus for both world governments and investors alike.
Speaking of governments, renewable energy investors were definitely relieved when Joe Biden won the U.S. presidential race back in November. Being a strong advocate in the fight against climate change, Biden has a lot in store for the countryâs green initiatives. Firstly, Biden has pledged to rejoin the Paris Agreement and achieve economy-wide net zero emissions by 2050. Second, there are also plans to achieve zero-carbon electricity generation in the U.S. by 2035. His pledge of $400 billion in investments for his first term would see the accelerat
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