Politico published a story this week on the struggles of the clean energy industry despite the record infusion of funding from President Biden’s Inflation Reduction Act.
Inflation, rising interest rates and unfriendly regulatory environments in some states are kneecapping solar, wind and other clean energy projects. Several Republican-controlled states (and some Democratic ones) are rolling back consumer benefits for rooftop solar installations, threatening Biden’s goal of a carbon-free electric grid by 2035, writes Jason Plautz. And, as Benjamin Storrow reports, progressive states like New York are struggling to meet their own carbon reduction targets amid a deteriorating economic environment.
The full story is worth you time. Check it out here.