Rural Energy Is Especially Dirty and in Debt. Enter the Inflation Reduction Act. ...Middle East

Last week, a certain segment of academic economists lost their mind as the White House announced it would knock $10,000 off individual student loan debts, or $20,000 if borrowers are Pell Grant recipients. But another type of recently-passed debt relief has attracted comparatively less attention and ire. Rural electric cooperatives—a living legacy of the New Deal’s efforts to bring power to the 90 percent of rural communities that still lacked it in the 1930s—will soon be able to take advantage of a new $9.7 billion program included in the Inflation Reduction Act that will help them finance a clean energy transition, escaping onerous debts that have kept many coops from getting off coal. The

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Last updated : 01 September 2022 clock 02:48 PM

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Rural Energy Is Especially Dirty and in Debt. Enter the Inflation Reduction Act. ...Middle East

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