The Inflation Reduction Act was signed into law by President Biden today, a bill that will have a major, lasting impact on the energy industry. The bill, which includes about $369 billion on climate and energy projects, received unanimous support from Democrats and unanimous opposition from Republicans in Congress.
The biogas provisions included in the bill were applauded by the American Biogas Council in a statement:
“Before this bill, our industry had only benefitted from short one- to two-year extensions of a tax credit that served one sector of the biogas industry. While trying to attract investment to projects that take years to build and competing with other industries with long-term tax credits, this was not a long-term solution. For the first time, this bill gives developers and financiers certainty and a competitive edge that will fuel growth of the biogas and clean energy industries for years to come.”
Read more about the bill and how it affects the industry here.
Be sure to check back here at MSW Management magazine’s website for more updates on how the bill will affect the waste and recycling industry.
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