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Wind Needs More Than the Inflation Reduction Act

Rochelle Toplensky of The Wall Street Journal writes that clean energy needs more than the Inflation Reduction Act.

The C3 Take
  • While the Inflation Reduction Act will likely lead to greater investments in green energy, it will largely fail to deliver the clean power goals that some are envisioning.
  • The legislation fails to reform or streamline the permitting process under the National Environmental Policy Act (NEPA), which currently delays project completion times by an average of 4.5 years.
  • Policymakers can better achieve a cleaner energy future by modernizing permitting and enacting free-market policies that accelerate innovation.

“Slow permitting is a longstanding challenge partly because it is politically risky to reduce locals’ rights to challenge new projects. Senators promised to work on a deal to fast-track planning permissions for a range of energy infrastructure, including for oil and gas, but it remains a big challenge.”

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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