To sum it up. The inital thought was that the bill would be a public investment of $385 billion in renewables, but it seems it will be more in the line of $1.2 trillion, so about three times more money. Certainly a big change and extremly good news.
I don’t like any politicians but I am willing to put this guy or his party back in in 2024. IDC what happens. Another liar zombie conservative is a waste of time and life.
We are out of time. We are past the tipping point. Now it's just a matter of how much time we have left before the mass mortality events affect humans in a way that we notice.
Tldr: Conservatives have won. We will die soon. How soon is not clear, but it will be soon.
No doubt. I mean I look back and carter, reagan, bush, clinton, bush bugaloo, obama, trump, and biden and only half of those administrations ever did anything useful for me. I remember when the bush tax cuts allowed me to afford a drink at the bar. woohoo.
This combined with the fact that utilities like renewables due to their cheaper deployment and opex and you've got something going. Now all you have to do is accelerate and cap the depreciation of old equipment. Thanks Joe.
Love the idea, but: A lot of rich people will get much more rich. There will be a lot of money wasted on things, that will not work and the grifters will know that it was not gonna work. There are numerous examples from the „green coal“ projects that siphoned off a lot of money with unrealistic ideas without repercussions. The more desperate the world get for fast solutions regarding climate change, the more money will be thrown around unvetted.
Goldman Sachs expects higher-than-expected private investment in all green energy categories affected by the IRA, but sees the biggest gains in two areas: electric vehicle production and advanced manufacturing.
Electric vehicle production is green energy in the same way that renewable powerplant construction is green energy. Both enable the US to reduce its reliance on fossil fuels and move towards a more sustainable energy grid.
I'm not American. Stuff Biden does seldom reaches here. I just have to go with whatever I hear when I enter the country. I was under the impression fxck-all was happening, and that China was the only one seriously making progress on their green goals. Lord knows Europe's been slow af.