Benjamin Storrow and Heather Richards of E&E News report on how inflation is stalling offshore wind projects.
- Wind developers that bid aggressively to win offshore wind contracts are locked into agreements that did not account for rising costs and inflation, which is halting progress.
- Analysts expect the United States to fall 3 to 4 GW short of its 2030 offshore wind goals due to these issues.
- Good economic policies are good climate policies because they keep the cost of clean technologies affordable and incentivize innovation.
- By pursuing policies rooted in economic freedom lawmakers can achieve economic competitiveness and climate goals.
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.