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The private sector has mobilized far beyond initial expectations. Here's evidence, along with an assessment of the work left to do.

The investment wave has the potential to drive a more rapid and efficient decarbonisation of the economy while increasing the supply of clean energy

The investment wave has the potential to drive a more rapid and efficient decarbonization of the economy while increasing the supply of clean energy.

Southern states led by Republicans did not vote for climate spending, but now embrace clean energy dollars like never before

Alex Wong/Getty Images(WASHINGTON) -- When President Joe Biden signed the $369 billion Inflation Reduction Act in August, supporters hailed the measure as the largest climate investment in the nation's history -- but questions remained about what the spending would ultimately achieve. The majority of the funding took the form of tax credits meant to incentivize private investment in clean energy, such as wind and solar, and in theory, boost U.S. production of renewables as the nation pursues ambitious carbon emissions goals and a supply chain less dependent on China. The success of the st...