Historic climate bill faces state schism on clean energy
The suite of tax incentives in the $369 billion “Inflation Reduction Act” could spur record-setting growth in wind and solar capacity if prices for those zero-carbon generation sources remain low, according to several computer models.
But the sweeping congressional package — which passed the Senate yesterday as part of the budget reconciliation process — is raising several critical energy questions for the nation’s climate future: Where would the new turbines and panels go? And would a surge in renewable energy bridge a sharp red-state, blue-state political divide that has defined the climate issue for the past decade?
Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.