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Infrastructure Investment And Jobs Act - Promoting Renewable Energy

Infrastructure Investment And Jobs Act - Promoting Renewable Energy

The U.S. Infrastructure Investment and Jobs Act channels large federal funding into EV charging, clean energy, grid modernization, broadband, workforce upskilling, and resilient infrastructure to drive economic growth and climate goals.

May 29, 2023 4 min read Utilities
#Infrastructure and Clean Energy and US Public Investment
Infrastructure Investment And Jobs Act - Promoting Renewable Energy

In August 2001, the United States Congress passed the Infrastructure Investment and Jobs Act, a broad infrastructure bill providing funding to upgrade America’s infrastructure, support economic growth, and develop a workforce in transportation, energy, and broadband internet segments.

Features of the Infrastructure Investment and Jobs Act

Funding for Electric Vehicle charging infrastructure

The bill includes funding to reduce greenhouse gas emissions and combat climate change by supporting solar, wind, and low-carbon power generation, power transport, storage and distribution, and power plant emission reduction. For example, the bill funds electric vehicle charging infrastructure, public transit, and electric grid modernization to support integrating renewable energy from source to end users.

Reduce Emissions and Grow Renewable Energy Sources

The Clean Power Plan aims to reduce emissions from power plants by 32% below 2005 by 2030. This includes multiple measures, from improving the efficiency of existing power plants including co-generation, carbon capture, and storage. This also includes a strategic position on nuclear plants. The bill provides funding to grow renewable energy sources, such as wind, solar, and geothermal, to an increasingly larger percentage of America’s total power portfolio and reconsiders nuclear power generation as a low strategic carbon, stable asset that can provide grid…

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