Boston Mayor Michelle Wu filed an ordinance that would require new buildings that rely on oil and gas to install solar panels and add more electric capacity.
Later this week President Joe Biden puts the final touches on a major win for his administration, signing the Inflation Reduction Act (IRA) into law. Among a number of initiatives in the $700 billion package are huge investments in new climate initiatives like rebate programs for energy efficient appliances and retrofits, production tax credits and provisions for battery and solar cell manufacturers, and most importantly for the automakers, as tax credits for new and used electric vehicles.
U.S. sustainable funds faced a brutal second quarter, according to a Morningstar report.