EconomyYellen asks the private sector to invest more for...

Yellen asks the private sector to invest more for the US energy transition

US Treasury Secretary Janet Yellen called on US companies on Tuesday to do more to finance the country’s energy transition and support policies implemented by the Joe Biden administration.

“Beyond consumer tax credits, we expect a significant mobilization of private investment in the clean energy sector,” Yellen said during a speech in Chapel Hill, North Carolina.

“These investments will accelerate the transition to our green energy future and reduce energy costs for American homes and businesses.”

Biden achieved an agreement in August for Congress to approve the Inflation Reduction Act, the largest investment adopted in the United States in the fight against climate change, the amount of which was, however, largely cut in relation to the ambitions initials of the American president.

The endowment includes 370,000 million dollars to reduce greenhouse gas emissions by 40% by 2030, with the declared objective of fighting climate change and helping households cope with inflation in the medium term.

Thus, financial incentives are planned to guide the US economy towards renewable energies.

The forecasts in the automotive sector for the purchase of an electric vehicle, which can reach up to 7,500 dollars, however, arouse criticism.

In fact, they are subject to several conditions designed to ensure that vehicles are assembled in North America and that batteries are made from raw materials increasingly sourced from the region.

The investment plan also provides for the creation of 500,000 charging stations for electric vehicles throughout the country.

How do the new bladeless wind turbines work?

A new technology is trying to make its way into the world of renewable energies: vortex wind turbines.

Janet Yellen asks the World Bank to change its business model

The US Treasury secretary says the World Bank must adopt stronger targets to mobilize private finance and deploy instruments such as loan guarantees and insurance.

T-MEC: Mexico plays the dream of energy sovereignty in the consultations

The T-MEC does not establish a maximum term for dispute resolution consultations, but the first period -of 75 days- has been fulfilled this Monday, without knowing the course of the talks.

Janet Yellen expects inflation to ease in 2023

There are still risks related to Russia's invasion of Ukraine, Treasury Secretary Janet Yellen said.

Mexico accepts US invitation to develop the semiconductor industry

Global demand for semiconductors soared during the pandemic, leading to global shortages that hit the United States hard.