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Meanwhile, oil and gas markets remain volatile, with geopolitical tensions and supplychain disruptions leading to unpredictable price swings. Technological innovations Innovation is accelerating the transition by making clean energy more efficient and scalable.
For companies that fall short of those markers, the 15% cleantechnology and hydrogen tax credits will fall to 5%. But the budget also casts the global shift toward energy transition technologies as a challenge. Key elements of the $491-billion budget include : • An 11-year, $25.7-billion
In particular, we dont expect a full repeal of the Inflation Reduction Act (IRA) which provides significant federal funding / tax incentives across renewables, other cleantechnologies and electricity transmission. We also believe the new US policies will likely be less damaging than feared for low-carbon solutions.
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