Soaring energy prices are highlighting more than ever the need to adapt to new and efficient energy sources around the world 🌎 , and spurring some innovative responses 🦾.
The U.S. government will spend more than $500 billion 💸 on climate technology and clean energy over the next decade.The U.S. government commitment reaches an estimated $514 billion total 💲 . It includes $362 billion from the Inflation Reduction Act, $98 billion from the Infrastructure Act and $54 billion from the bipartisan-supported CHIPS law, although Congress will have to pass further legislation ⚖️ to guarantee the release of all funds.
Belgium’s response to the energy crisis has renewed focus on community empowerment 💪, as citizens are turning to local energy cooperatives investing in renewables., have seen a huge spike 📈 in demand as the energy crunch has hit consumers. Ecopower says it has seen demand rise so sharply that it has had to stop accepting new members 😬 . With no spare production capacity, it would have to buy power on the spot market - where prices are at record highs - to supply more.
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