US Senate passes bill to send major funding to green energy

Future tax credits for solar and wind, both onshore and offshore, are nearly certain after the vice president assured a Senate majority to pass a long-awaiting legislative package.

US Vice President Kamala Harris' vote was decisive for ensuring a Senate majority to pass Inflation Reduction Act. | Photo: Stefani Reynolds/AFP / AFP

US renewable energy policy for the coming years now seems all but settled.

Late Sunday CEST, the Senate passed the Inflation Reduction Act (IRA), containing much of the original climate policy on which US President Joe Biden based his election campaign in 2020. The bill now only needs to be ratified by the House of Representatives, where the Democrats hold a solid majority, and be signed by Biden.

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