Diana DiGangi of UtilityDive reports on regulatory challenges with the IRA.
- The Inflation Reduction Act included generous subsidies for green energy and clean technology manufacturing.
- The IRA did not address one of the largest problems with clean energy production in the United States: outdated regulations.
- Tariffs and onerous regulations delay project completion times, inflate costs, and discourage investment.
- To make meaningful climate progress, lawmakers must modernize regulations and reduce the cost of doing business.
“‘We maybe celebrated the passage of the IRA a little bit too early,’ he said. ‘I’m hearing talk — and I’m struggling to embrace this — about the need for additional tariff measures on top of, not instead of, on top of the very substantial subsidies associated with the IRA in order to further drive domestic manufacturing.'”
Read the full article here.
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