Green power surges in the US
Over 100,000 new jobs and 334 major renewable energy projects are the results of the Inflation Reduction Act (IRA), according to a new report.
It has been about two years since the IRA was made into law. A recent report by E2, an industry consulting firm, documents the IRA legislation effect on the renewable energy industry and society in general.
The E2 report suggests that every dollar of public funding spent by the IRA has generated nearly $3 in private investment.
A separate report by the Massachusetts Institute of Technology (MIT) indicates the benefit was close to $5 or more of private investment for every $1 of public funds spent.
The largest recipients of this money from the IRA are Michigan, followed by Georgia, South Carolina, Texas, North Carolina, Ohio and Tennessee.
Republican hypocrisy regarding renewables