Earth Act of 2022: Clean Energy, Zero Emissions, Regenerative Agriculture by 2030
The Earth Act of 2022 aims to accelerate the transition to 100% renewable electricity, zero-emission vehicles, and regenerative agriculture by 2030. It introduces new obligations for businesses but also offers financial support and tax breaks to help them make these changes. The goal is to protect the environment and public health, as well as create new economic opportunities.
Key points
By 2030, all electricity sold by suppliers must come from renewable sources like wind or solar.
Vehicle manufacturers will be required to sell only zero-emission vehicles starting in 2030.
Large agricultural corporations will be mandated to use 100% regenerative agricultural practices by 2030, aiming to reduce greenhouse gas emissions.
The Act introduces tax deductions and grants for businesses incurring costs related to transitioning to renewable energy, electric vehicle manufacturing, and regenerative agriculture.
New regulations on animal welfare will be implemented, prohibiting the use of antibiotics (except for treatment) and certain mutilations, and ensuring natural living conditions for animals.
Businesses that fail to comply with the new regulations may lose the ability to deduct business expenses for tax purposes.
Expired
Citizen Poll