OPINION The New Climate Law Is Working. Clean Energy Investments Are Soaring. (NYT)

[usonian]

https://archive.ph/2023.05.30-173355/https://www.nytimes.com/2023/05/30/opinion/climate-clean-energy-investment.html
By Brian Deese

Last summer, in a meeting with business and labor leaders as Congress prepared to vote on the landmark Inflation Reduction Act, President Biden argued that it would result in “the largest investment ever in clean energy and American energy security — the largest in our history.” He added, “It will be the largest investment in American manufacturing as well.”

Nine months since that law was passed in Congress, the private sector has mobilized well beyond our initial expectations to generate clean energy, build battery factories and develop other technologies to reduce greenhouse gas emissions.

The law is doing exactly what it was designed to do: encourage private investment in clean energy. Tax incentives make the investments attractive, but businesses, along with rural cooperatives, nonprofits and others, must judge whether investing their own money in a hydrogen factory or a wind farm will pay off. In the end, the law will be only as successful as their appetite to invest at a scale that will meaningfully reduce emissions warming the planet and increase the nation’s energy security.

Over the past few months, we have begun to see how large that appetite may be. It seems clear already that the law will stimulate significantly more investment in clean energy than was at first thought possible while generating more revenue from high-income taxpayers to reduce the deficit.

There's more to be done ... see recommendations in the article.
We neeed to GOTV, FINISH THE JOB, and FINISH THE GOP

[underpants]

1. Hey look it works!

How about that?

[mopinko]

2. solar is such a good investment.

out of pocket for the system on my house was about $20k. elec bills went from $200+/mo to $20 most mos. i cant think of another investment that pays like that.
about to put a system on my 2 flat, to run the heat pump i installed. i get to charge top rent cuz it’s got heat and air paid, i expect it to cost me a couple hundred bucks in bad mos, and very little 6-8 mos of the year.

[Think. Again.]

3. considering..

Considering that we MUST transition away from fossil fuels, investing in a broad array of clean energy opportunities seems like a no-brainer.

[usonian]

4. Oil Industry, a bunch of oil-exporting nations, plus a supertanker full of lobbying dollars

are all that's in the way.