Investing in Energy Regions Act

Investing in Energy Regions Act

This bill requires the Department of Energy (DOE) to establish a program to demonstrate the technical and economic viability of carrying out clean energy projects on current and former mine land. Under the program, DOE must select no more than five projects that will be carried out in geographically diverse regions. At least two of the projects must be solar projects.

Bill 117 HR 5368, also known as the Investing in Energy Regions Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide funding and support for regions that have been heavily reliant on the energy industry, such as coal, oil, and gas, in order to help them transition to a more sustainable and diverse economy.

The bill proposes the creation of a grant program that would allocate funds to these energy regions for projects that promote economic development, job training, and infrastructure improvements. This would help these communities diversify their economies and create new opportunities for residents who may have been negatively impacted by the decline of the traditional energy sector.

Additionally, the Investing in Energy Regions Act aims to support research and development in clean energy technologies, such as renewable energy sources and energy efficiency measures. By investing in these areas, the bill seeks to not only create new job opportunities, but also reduce greenhouse gas emissions and combat climate change. Overall, the Investing in Energy Regions Act is a comprehensive piece of legislation that aims to support communities that have been historically reliant on the energy industry, while also promoting sustainable economic growth and environmental stewardship.