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