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The global shipping industry's decarbonization efforts once again face stormy seas. The frontrunning proposal, sponsored by France, Germany and Japan, has come under fire due to a recommendation that stringent enforcement of operational efficiency regulations is introduced no earlier than 2029. Cecilia Keating. Tue, 10/20/2020 - 00:15.
Most notably, the Inflation Reduction Act , signed into law by President Biden in 2022, allocated nearly $270 billion through a series of tax credits, loans, grants and subsidies to areas including renewable energy and industrial decarbonization solutions.
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