Investing in Clean Energy Energy of the Future
The post-pandemic economic recovery and the Biden administration’s policy priorities are in jeopardy after the US inflation rate reached a 40-year high in June. Derailment of either would be a severe setback for American climate aspirations.
The Inflation Reduction Act is anticipated to transform the US energy sector by making non-fossil fuel options more accessible to a broader demographic. The spending package isn't a cure-all for the climate catastrophe, and many environmentalists aren't happy despite predictions that it will bring the United States far closer to its carbon targets.
The legislation aims to set the nation on a course to cut greenhouse gas emissions by 40% below 2005 levels by 2030. That’s a significant development for all life on Earth. Still, there are also less significant advantages, such as for anyone who drives a car or pays utility bills and has noticed an increase in gasoline prices this year.
Oil, gas, and coal
