Bloomberg Law
March 9, 2023, 6:33 PM

US Officials in 'Overdrive' to Quicken Climate Bill Investments

Daniel Moore
Daniel Moore

Delays and inflationary pressures stemming from permitting reviews and the need for new tax guidance could slow the benefits envisioned by Democrats’ keystone climate law, Biden administration officials and energy executives said Thursday.

Federal agencies are pushing harder for investment in projects such as electric transmission lines that connect renewable energy and US critical mineral mining and processing currently dominated by China, said John Podesta, the White House’s top clean energy adviser.

Those are crucial to the rollout of the Inflation Reduction Act, which could pump more than $350 billion into accelerating renewable energy projects, secure a US-based supply chain, ...