Trillions in subsidies for the Green Economy, Solar, Wind, EV's, Hydrogen, etc..

[elektra]

Over and over, we here of subsidies for the Green Economy. Electric vehicles, Wind Turbines, Solar Panels, what are these subsidies? How do they work. Do they exist? How do we prove they exist?

In this OP I will provide links to those reporting on the subsidies and there usage.

The Inflation Reduction Act, is a direct subsidy to the new Green Energy Economy.

1. 
   The Wall Street Journal
   https://www.wsj.com/articles/inflation-reduction...
   

   The Real Cost of the Inflation Reduction Act Subsidies: $1.2 Trillion​

   WebMar 24, 2023 · But now a Goldman Sachs report projects its myriad green subsidies will cost $1.2 trillion—more than three times what the law’s supporters claimed. The Congressional Budget Office forecast ...

 

[elektra]

Wow, the Economist, a British based magazine turned website, wrote an article showing how the entire world will not feed off the Inflation Reduction Act which was thought up by Democrats, to make themself nice and rich and powerful.

Imagine, having to travel across the world, as a democrat government official enacting, spending, the money from the Inflation Reduction Act. A big bonus, vacationing in Europe to reduce inflation in the USA?

This is one way the USA is subsidizing the Green Economy, wind, solar, and everything the democrats dream of.

The Inflation Reduction Act is turning heads among British businesses

Cash is only one part of the answer

www.economist.com

The phone hasn’t stopped ringing for Asher Bennett, the founder of Tevva, a manufacturer of hydrogen- and battery-powered trucks near Tilbury, a run-down port town in Essex. For months he has been fielding calls from officials across America competing to lure clean-energy businesses across the Atlantic. Armed with hundreds of billions in subsidies and tax breaks courtesy of Joe Biden’s Inflation Reduction Act (ira), many states are wooing entrepreneurs over lunches or arranging visits to potential sites. By next year, Mr Bennett hopes to start production of Tevva’s zero-emission trucks in America as well.

He is not alone. Manufacturers of everything from electric-car batteries to wind turbines are lining up for cash handouts available under the ira. Goodies are also on offer in the eu, where countries are using the bloc’s loosened state-aid rules to lure investment in green tech.

 

[elektra]

It takes much research to show all the spending, and how the Green economy profits.

One trick employed is to change the meaning of words, or apply names that have nothing to do with what they are doing. Hell, this should be an OP all by itself. Green does not mean green, renewable does not mean renewable, and a tax credit is not a tax credit, it is a cleverly disguised payment from our taxes.

This article will introduce two other pieces of legislature that includes billions in subsidies to the "Green Economy", which I will have to get to later, but in the mean time it is further proof of the deficit spending that is driving inflation, in the name of the "Green Economy".

The Inflation Reduction Act: Here’s what’s in it

The Inflation Reduction Act of 2022 contains $500 billion in new spending and tax credits. In this article we take a closer look at what's in the IRA.

www.mckinsey.com

Significant federal funding for climate efforts. The IRA directs nearly $400 billion in federal funding to clean energy, with the goal of substantially lowering the nation’s carbon emissions by the end of this decade.1 The funds will be delivered through a mix of tax incentives, grants, and loan guarantees. Clean electricity and transmission command the biggest slice, followed by clean transportation, including electric-vehicle (EV) incentives.

 

[elektra]

Has anyone heard of CERES, this is the corporation that drives, helps, influences investors to take advantage of the US Government subsidies.

CERES is very excited about the US government's handouts of billions, trillions.

Senate passage of Inflation Reduction Act marks a monumental moment for U.S. climate action

Ceres Director of Federal Policy Zach Friedman issued the following statem

www.ceres.org

Senate passage of Inflation Reduction Act marks a monumental moment for U.S. climate action

 

[Oddball]

 

[elektra]

Look at all the hard work that CERES encourages, lobbying for spending, lobbying to take our tax dollars and profit themselves.

Senate passage of Inflation Reduction Act marks a monumental moment for U.S. climate action

Ceres Director of Federal Policy Zach Friedman issued the following statem

www.ceres.org

Nearly 2,900 companies with more than $4.6 trillion in annual revenue and more than 400 million global employees have participated in corporate America’s year-long push for federal legislation to invest in clean energy, clean transportation, advanced manufacturing, domestic supply chains, climate resilience, environmental justice, and resilient agriculture. These efforts have included:

• A letter signed last December by 437 companies, investors, trade groups, and employers calling on the U.S. Senate to pass a package of climate investments that were previously passed by the House of Representatives;
• February meetings with dozens of senior leaders from influential companies and key Congressional offices to urge swift passage of a federal reconciliation bill that includes the historic climate, clean energy, and environmental justice investments;
• Participation by Siemens USA CEO Barbara Humpton in a March Punchbowl News event highlighting the substantial corporate advocacy for robust climate policy;
• A letter from nearly 50 large companies, each generating more than $200 million in annual revenue, calling for the climate package to advance as Congress returned to session in April;
• Meetings between more than 100 major companies and lawmakers of both parties in May, as part of LEAD on Climate 2022, pushing for Congressional climate action;
• A June letter from more than 1,000 companies of all sizes, representing every state in the country and industry in the economy, pressing the economic case for these investments;
• A letter from seven CEOs at some of the nation’s largest companies, injecting their personal calls for climate provisions in a reconciliation deal at a critical point in the Senate negotiations;
• A business roundtable with President Biden on Aug. 4 focused on the IRA, that featured leaders from Ameren, Carrier, Cummins, General Motors, and Kaiser Permanente;
• Individual statements from many large companies and trade associations in support of these climate provisions over the last year, including a surge of support for the IRA after Sens. Schumer and Manchin announced the deal in late July.
• A letter released days ahead of the Senate vote signed by dozens of large companies, urging approval of the Inflation Reduction Act.

About Ceres​

Ceres is a nonprofit organization working with the most influential capital market leaders to solve the world’s greatest sustainability challenges. Through our powerful networks and global collaborations of investors, companies and nonprofits, we drive action and inspire equitable market-based and policy solutions throughout the economy to build a just and sustainable future. For more information, visit ceres.org and follow @CeresNews.

 

[elektra]

Here are some the efforts of CERES, lobbying congress to spend my money, your money, on green energy

• A letter from seven CEOs at some of the nation’s largest companies, injecting their personal calls for climate provisions in a reconciliation deal at a critical point in the Senate negotiations;
• A business roundtable with President Biden on Aug. 4 focused on the IRA, that featured leaders from Ameren, Carrier, Cummins, General Motors, and Kaiser Permanente;
• Individual statements from many large companies and trade associations in support of these climate provisions over the last year, including a surge of support for the IRA after Sens. Schumer and Manchin announced the deal in late July.
• A letter released days ahead of the Senate vote signed by dozens of large companies, urging approval of the Inflation Reduction Act

 

[elektra]

I like this part of CERES efforts, getting the financially failing Siemens to beg for our, the USA's subsidies

• Participation by Siemens USA CEO Barbara Humpton in a March Punchbowl News event highlighting the substantial corporate advocacy for robust climate policy;

 

[Libby von H]

Over and over, we here of subsidies for the Green Economy. Electric vehicles, Wind Turbines, Solar Panels, what are these subsidies? How do they work. Do they exist? How do we prove they exist?

In this OP I will provide links to those reporting on the subsidies and there usage.

The Inflation Reduction Act, is a direct subsidy to the new Green Energy Economy.

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