Hutchinson Leader: Minnesota's electric co-ops, biofuels stand to gain from Inflation Reduction Act

1 Sep 2022


News

As a leader in renewable energy resources, Minnesota could have an outsized impact from the climate change-fighting provisions of the Inflation Reduction Act.

The bill, signed into law by President Joe Biden in August, would offer nearly $370 billion in incentives to consumers, utilities and corporations to curb planet-warming emissions.

Democrats and others who supported the bill, including Minnesota’s rural electric cooperatives, say the bill complements steps the state has already taken to promote the use of renewable energy sources. And environmentalists and their supporters in Congress say the climate provisions in the bill is just the start.

Click here to view the original article from the Hutchinson Leader.