Since the passage of the Inflation Reduction Act (IRA) just over two years ago, states have only captured an average of 7% of the potential funding opportunities provided by the Biden administration’s climate legislation. This low utilization rate of tax credits, which are the primary source of federal support under the IRA, is attributed to
Utilization
The League of California Cities is set to host a webinar to assist potential applicants in accessing the $3.3 billion in funds accelerated by the governor from a bond measure ratified by voters in March. This funding, to be released in August, marks the initial portion of the $6.4 billion Proposition 1 bond measure. Despite
The city of Gary, Indiana, is embarking on a revitalization effort aimed at transforming the downtown area through strategic bond financings. With projects in the pipeline such as the Gary Metro Center station redevelopment and the construction of a convention center in Lake County, the city is collaborating with Notre Dame’s School of Architecture to
Edward Snowden, a well-known former U.S. security official, has recently expressed serious concerns about the privacy vulnerabilities associated with Bitcoin (BTC) transactions. Contrary to popular belief that Bitcoin transactions are completely anonymous, Snowden highlighted the risks involved in these transactions. During a recent Bitcoin conference, he pointed out that most transactions on the Bitcoin network
Ethereum has taken the lead in fee income over the past year, surpassing Bitcoin by an impressive 100%, as reported by Lookonchain. The Ethereum network has generated a staggering $2.73 billion in fee income, solidifying its position as the top earner in the industry. This significant increase in fee income showcases the growing popularity and
Weather delays have always been a major concern for air travelers. Even when the skies are clear at your departure city, a thunderstorm hundreds of miles away can still wreak havoc on your flight schedule. The Federal Aviation Administration often implements ground stops to prevent congestion at airports, leading to delayed departures and longer flight
The House Committee on Transportation and Infrastructure has raised concerns over the slow pace at which the Department of Transportation (DOT) is distributing Infrastructure Investment and Jobs Act (IIJA) funds. Despite receiving over $364 billion since the enactment of IIJA, the DOT has only obligated a little over half of the funds and outlaid a
Bitcoin, the leading cryptocurrency, has experienced a remarkable price surge, quadrupling since the beginning of 2023 to reach a new high of $73,798 in March. However, recent findings by crypto analyst Ali have pointed out a troubling trend in exchange-related on-chain activity for Bitcoin. On-chain activity, which encompasses transactions and interactions recorded directly on the
The recent passing of the Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act in the U.S. Senate has sparked discussions about the future of nuclear power production in the country. With bipartisan support, this legislation is set to encourage innovation and investment in nuclear technologies within the United States. It aims to streamline
President Vladimir Putin recently emphasized the importance of Russia cutting imports and increasing the use of non-Western currencies in trade settlements. He highlighted the significance of expanding the country’s domestic financial markets during his speech at the St Petersburg International Economic Forum. Putin pointed out that the trade with Asia has been on the rise,