When the World Goes Quiet
Katy Waldman reviews the novel “The Hearing Test,” by Eliza Barry Callahan.
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Katy Waldman reviews the novel “The Hearing Test,” by Eliza Barry Callahan.
A year after passage of the largest climate change legislation in U.S. history, meant to touch off a boom in American clean energy development, economic realities are fraying President Joe Biden’s agenda. Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orsted’s (ORSTED.CO) project cancellations in the U.S. Northeast, to Tesla, Ford and GM’s scaled back EV manufacturing plans.
Canceled offshore wind projects, imperiled solar factories, fading demand for electric vehicles. A year after passage of the largest climate change
A year after passage of the largest climate change legislation in US history, meant to touch off a boom in US clean energy development, economic realities are fraying President Joe Biden’s agenda. Soaring financing and materials costs, unreliable supply chains, delayed rulemaking in Washington and sluggish permitting have wrought havoc ranging from offshore wind developer Orsted’s project cancellations in the US Northeast, to Tesla, Ford and GM’s scaled back EV manufacturing plans.
The darkening outlook for clean energy industries is tough news for Biden, whose pledge to deliver a net-zero economy by 2050 faces headwinds that the landmark Inflation Reduction Act's billions in tax credits alone can't resolve.