The Inflation Reduction Act passed by the US Senate includes $369bn in investments to advance America’s clean-energy programs, including offshore wind development and projects to reduce emissions at the country’s maritime ports.
Three billion dollars have been earmarked over a five-year period for port electrification. The funds cannot be used to automate container terminals.
The American Association of Port Authorities said the grant program “will signal to equipment manufacturers and private investors that this electrification technology at ports will be ubiquitous in the coming years.”
The bill includes $40bn to accelerate clean-energy manufacturing. It extends an investment tax credit of 30% for offshore wind that was set to expire in 2025 and overrides President Trump’s 2020 executive order banning offshore development in the southern Atlantic Ocean for 10 years.
The bill will go to the House of Representatives, which is expected to quickly pass it, then on to President Biden to sign it into law.
Tags: Clean Energy Programmes, Emissions, Port Electrification, US Senate
Recent Posts
Royal Caribbean Welcomes LNG-Fueled Star of the Seas to Its Fleet
Swire Shipping Launches ‘Voyage to Zero’ to Help Customers Cut Scope 3 Emissions Swire
Pinnacle Marine Launches B100-Powered President 100 for Biofuel Trials
Assam Puts Green Hydrogen Policy on Hold, Investors Reassess Plans
MNRE and Odisha Chart Roadmap for National Green Hydrogen Mission
Hyundai Glovis to Retrofit Seven PCTCs with Avikus AI Navigation System
Super Terminais orders three more Konecranes Gottwald ESP.10 Mobile Harbor cranes
Covestro and HGK Shipping Extend Partnership to 2040 with Focus on Wind-Assisted Vessel Retrofit