The Energy Gang

The US Clean Energy Boom: What Might Stop It?The US Inflation Reduction Act, signed into law by President Joe Biden last August, has transformed the outlook for low-carbon energy in the US, because of the array of tax credits and other policy support that has been put in place.Over at Wood Mackenzie we do regular forecasts for the outlook for renewable energy investment in the US and as a result of the Inflation Reduction Act, we have raised our forecast of new solar capacity installations in the US over the coming decade by 50%, and our forecast for wind power installations by 84%.So, things looks really good for low-carbon energy in the US. Arguably better than they have ever looked, in fact. But we can’t just leave it there, with everything seeming right with the world. We need to talk about the barriers that could stop or slow down that boom in low-carbon energy investment.Robbie Orvis, Senior Director of Modelling and Analysis at Energy Innovation: Policy and Technology LLC and Amy Myers-Jaffe, Dire