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IRA spurs renewable buildout, but Biden climate goals remain elusive


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IRA spurs renewable buildout, but Biden climate goals remain elusive

Business

Category: Business News

A year after its adoption, the Inflation Reduction Act has bolstered the adoption of carbon-free power, but the country does not yet appear to be on track to meet President Biden’s climate goals.

The IRA provided significant tax credits for low-carbon and carbon-free energy sources including wind, solar, nuclear, carbon capture technology and biofuels, as well as for electric vehicles.

Recent reports have found that these subsidies are having an impact.

Read more HERE.

Source: The Hill

Published: May 20, 2024