Biden administration invests in clean energy for coal communities.

The Biden administration has released final guidance on how clean energy companies can secure additional tax credits when investing in US communities economically tied to fossil fuels like oil and coal. The boosted tax credit is central to the administration’s goal of ensuring areas long dependent on fossil fuels benefit from clean energy. The extra credit will likely cover projects in places like coal-heavy Appalachia decimated by mine and plant closures. The Treasury said it will open project applications for the first round of coal and energy communities tax credits on May 31.