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Green powerlines and good-paying jobs: Biden unveils $2.3trn US infrastructure plan


31 March 2021 19:24 GMT
Updated 
31 March 2021 22:36 GMT
US President Joe Biden is proposing a ten-year extension of federal tax credits for renewables and energy storage technology and creation of a “targeted” investment tax credit (ITC) to spur construction of at least 20GW of high-voltage power lines as part of a $2.3trn infrastructure plan.
“It’s not a plan that tinkers around the edges,” Biden said during a speech in Pittsburgh. “It’s a once-in-a-generation investment in America.”
The eight-year
American Jobs Plan reaffirms his administration will set the country on a path toward a carbon-free electric grid by 2035 with a new clean-energy standard mandating a timetable to achieve this. ....

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