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.