Getting climate, energy & environment news right.

Energy prices threaten Mass. offshore wind project

Heather Richards writes in E&E News about an offshore wind project that is being threatened by high energy prices.

The C3 Take
  • The developers of the Martha’s Vineyard wind project are citing high energy costs and supply chain shortages for the project stalling out.
  • High inflation is stalling innovation and environmental progress around the globe.
  • Good economic policy is good climate policy as it leads to more investments in clean energy innovation.
  • To see meaningful environmental progress, lawmakers should implement pro-growth policies rooted in economic freedom.

“A Massachusetts offshore wind farm says it may not be viable without changes to a power contract with the state, citing escalating global energy costs and a supply chain crisis that could chill the fledgling market as it prepares to raise turbines in the U.S.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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