Facing significant revenue shortfalls at the outset of the COVID-19 pandemic, California legislators in June 2020 paused the state's R&D and other business tax credits.
VX News share's the Biden Administration's May executive order on climate-related financial risk. The order directs National Climate Advisor, in coordination with Treasury Secretary Janet Yellen and the Office of Management and Budget (OMB) to develop a comprehensive, Government-wide strategy for identifying and addressing exposure to climate-related financial risks facing US financial institutions.
Recently, NREL research showed the cost of solar power is under $1 per watt. Minh Le explains the importance of this price reduction to the global energy market.