Arizona Capitol Times
Gov. Katie Hobbs’ administration lauded federal dollars it says are creating “quality jobs” and boosting renewable energy projects at an event it hosted at Honeywell’s Advanced Air Lab in Phoenix today, where speakers discussed recent and upcoming clean energy commitments in Arizona.
The presenters summarized what they previously covered in a private roundtable discussion, focusing on the collaborative effort between public and private sectors to leverage federal climate and infrastructure legislation.
opened by stating this is a “once in a generation – once in a lifetime opportunity” provided by the Bipartisan Infrastructure Law and the Inflation Reduction Act.
“These federal dollars are already being deployed throughout Arizona, creating quality jobs for Arizona families,” Caudill said. “Not only that, but these dollars are advancing the long-term resiliency of the state by investing in renewable energy projects, promoting electric vehicle charging infrastructure and lowering energy costs for families and forthcoming energy efficiency rebates for Arizona families.”
The Inflation Reduction Act (IRA), which was signed into law by President Joe Biden last August, is the largest climate investment in U.S. history. Utilizing private capital to initiate climate goals, the IRA intended to incentivize businesses to invest in developing clean energy technologies.
Additionally, the IRA encourages companies to locate in “underserved communities where job creation will have the largest impact on the well-being of those communities,” according to the U.S. Department of the Treasury, by providing bonuses to some businesses.