Takeaways:

  • As part of its clean-energy agenda, the Biden administration is reviving an energy department program to incentivize clean energy innovation.
  • The loan program has helped the United States launch the first utility-scale wind and solar farms in an effort to create green jobs.
  • 40 billion dollars will be loaned out for a variety of clean energy projects which include wind, solar, and hydro power, advanced vehicles, geothermal and nuclear energy.
  • President Joe Biden has also pledged that 40% of the benefits from these clean-energy investments will go to disadvantaged communities.

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