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11/28/2023 - WorldOra's Carbon News

Reuters reports - Canceled offshore wind projects, imperiled solar factories, fading

demand for electric vehicles.

A year after passage of the largest climate change legislation in U.S. history, meant to

touch off a boom in American clean energy development, economic realities are

fraying President Joe Biden’s agenda.

The darkening outlook for clean energy industries is tough news for Biden, whose

pledge to deliver a net-zero economy by 2050 faces headwinds that the landmark

Inflation Reduction Act's billions in tax credits alone can't resolve.

A White House official said that while there have been macroeconomic setbacks and

bottlenecks at the local level to renewable energy deployment, there are plenty of

examples of progress, including an expanding EV market and Dominion Energy Inc

making headway on the nation’s largest offshore wind farm off the coast of Virginia.

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