Highlights
- The Infrastructure Investment and Jobs Act provides a “once in a generation” investment into the nation’s infrastructure, including $62 billion for clean energy, in addition to traditional infrastructure such as roads, bridges, transit and airports.
- Direct funding is set aside for several important climate programs, including electrification of the transportation system, buildout of the nation’s power grid and cleanup of abandoned mines.
- Carbon capture, utilization and storage equipment, and direct air capture technologies are eligible for private activity bond financing through a new category of exempt facility bonds: qualified carbon dioxide capture facilities.
Holland & Knight
by Luisella Perri | Woody Vaughan | Peter Baumgaertner | Michael L. Wiener | Caroline Sage
MAY 2, 2022