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The Russian invasion of Ukraine has spurred further calls to embrace the transition away from fossil fuels, but clean energy industry watchers say political talk alone won't be enough to pick up the pace of development.
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California s energy sector stands to gain a lot from President Joe Biden s $2 trillion infrastructure plan which would set aside billions of dollars for the electric grid as the state navigates its own clean energy goals, experts say.
Biden s American Jobs Plan includes a $100 billion investment in the power grid, including tax credits to incentivize the deployment of at least 20 GW of high-voltage capacity power lines, as well as extending and expanding tax credits for clean energy resources, including energy storage. The plan has been criticized by the Republican leadership in Congress as being too expensive, but clean energy advocates including in California are optimistic that the proposed investments could go a long way in building out transmission and deploying more storage, advancing some of the key building blocks to California s goal to reach 100% zero-carbon electricity by 2045.