Out with the Rust Belt, in with Green Belt — that is, if Illinois Gov. J.B. Pritzker and Chicago Mayor Brandon Johnson have their way. The pair announced the formation of the Chicagoland Climate Investment Alliance on Thursday, a multiparty effort to support the commercialization of climate technologies and address climate challenges through technology and innovation. The first order of business: submitting a $1B proposal entitled the Rust Belt to Green Belt Initiative to the Environmental Protection Agency's Clean Communities Investment Accelerator.
The accelerator is at the heart of President Joe Biden’s Inflation Reduction Act, which was signed into law in 2022 and provides tax credits to industries committed to transitioning to a greener economy, per Bloomberg. "I'm fully committed to… Read the full story here. |