INTIEAUnited States · American Jobs Plan - Power infrastructurePolicyIn force

American Jobs Plan - Power infrastructure

Within the American Jobs Plan, President Biden proposed a USD 69 billion investment to reenergize America's power infrastructure, putting the country on the path to achieve 100% carbon-free electricity by 2035. The fund will build a more resilient electric transmission system.…

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EffectiveJan 01, 2021
Last changeApr 04, 2022

Country / jurisdiction: United States · Year: 2021 · Status: In force · Level: National · Type: Voluntary

Within the American Jobs Plan, President Biden proposed a USD 69 billion investment to reenergize America's power infrastructure, putting the country on the path to achieve 100% carbon-free electricity by 2035.

The fund will build a more resilient electric transmission system. This starts with a targeted investment tax credit will be created to build at least 20 GW of high-voltage capacity power lines. A new Grid Deployment Authority at the Department of Energy will support better leverage of existing rights-of-way and support creative financing tools to build additional high-voltage transmission lines.

Official source: https://www.whitehouse.gov/briefing-room/statements-releases/2021/03/31/fact-sheet-the-american-jobs-plan/

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https://www.iea.org/policies/13234

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