JOBS: Researchers predict Inflation Reduction Act incentives could spur anywhere from 2,000 to 140,000 jobs in each state, with California, Texas and Florida expected to get the most. (Canary Media)
CLIMATE:
• U.S. properties in flood-prone areas, especially those along the Gulf and Atlantic coasts, are overvalued by as much as $237 billion amid growing flood risk, particularly putting low-income homeowners at risk. (Washington Post)
• Researchers warn governments against falling into a climate “doom loop,” spending so much on climate adaptation that they neglect emissions reduction. (Washington Post)
ELECTRIFICATION: The home electrification movement gained mainstream recognition after a fight over gas stoves exploded last month, but its popularity was already slowly growing in the years before. (Grist)
GRID:
• The Federal Energy Regulatory Commission approves new reliability standards to help protect the power grid from winter weather outages. (E&E News)
• Electric utilities spar with efficiency advocates over proposed federal efficiency standards for distribution transformers. (Utility Dive)
ELECTRIC VEHICLES:
• General Motors is betting its relatively slow electric vehicle ramp up will prove more durable and sustainable in the long run. (Utility Dive)
• Tesla fires 30 unionizing workers at a factory in Buffalo, New York, a day after the company made a deal with the White House to make its electric vehicle chargers public. (E&E News)
FOSSIL FUELS:
• Global governments spent a record $1 trillion subsidizing fossil fuel energy last year, the International Energy Agency finds. (Bloomberg)
• After 23 months of striking against Alabama’s Warrior Met Coal, the United Mine Workers of America tells miners they may return to work next month while the union continues to negotiate for a new agreement. (AL.com)
• California advocates say the oil and gas industry weaponizes high gasoline prices to sway the public and lawmakers to oppose drilling regulations. (Capital & Main)
EQUITY: President Biden orders government agencies to address “systemic racism and persistent poverty” by producing annual reports that show how underserved communities can benefit from their programs. (E&E News)
CLEAN ENERGY: A poll finds a majority of Western voters support transitioning to 100% clean energy and protecting public lands from oil and gas drilling. (Los Angeles Times)
OFFSHORE WIND: Long Island business owners celebrate securing a piece of the almost $4 billion in contracts related to New York offshore wind farms, with one calling it the “opportunity of a lifetime.” (Newsday)
BUILDINGS: Massachusetts’ governor announces a new $50 million grant program to retrofit low-to-moderate-income homes with heat pumps, electrical upgrades, rooftop solar panels and building envelope improvements. (WBUR)
SOLAR: University of Toledo physicists help solve a durability issue to improve and lower the cost of next-generation perovskite solar cells. (news release)
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