U.S. Renewable Energy Sector Faces Policy Uncertainty

The U.S. renewable energy sector, bolstered by the 2022 Inflation Reduction Act, has seen explosive growth—over 250 solar, wind, and battery manufacturing projects have been announced, promising to create more than 575,000 jobs and contribute $86 billion annually to the national economy by 2030. However, this momentum is now at risk as Congressional Republicans propose to eliminate key clean energy tax credits in a new spending bill. Industry advocates warn that this rollback could stall or cancel existing projects, cost hundreds of thousands of jobs, and destabilize the United States’ clean energy leadership on the global stage. Read more.