In response to President Trump’s push for fossil fuel production over renewable energy, wind and solar developers are emphasizing the necessity of their industries to meet the growing demand for electricity driven by data centers. While Republican leaders consider ending federal subsidies for low-carbon electricity, renewable energy firms argue that wind, solar, and battery storage are quick, cost-effective solutions to prevent energy shortages and keep prices low. Despite skepticism from Trump officials, the renewable energy industry asserts that wind and solar, along with natural gas and other technologies, are essential for meeting the rising electricity demand in the U.S. over the next few years.
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Could Labour introduce a 2% wealth tax?
The proposed 2% wealth tax on individuals with assets over £10 million is gaining attention ahead of the government's Spring Statement, with support from Labour MPs, Green Party, lobby groups, and charity organizations. The tax could potentially raise £24 billion per year, but critics are skeptical due to possible tax avoidance strategies. While many support the tax to fund public services and address economic inequality, challenges in administration and potential negative impacts on wealth accumulation...
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