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Email President Biden has tabled a series of fiscal benefits and incentives to ramp up the US’ wind and solar power development. Image: Joe Biden/Twitter. The US’ fleet of solar and wind generation capacity is set to almost triple over the next decade, but even this is not enough to meet President Biden’s ambitious decarbonisation targets. That’s according to a new report from market analyst BloombergNEF, which claims that the US’ renewables market’s current growth trajectory “will not be enough” to decarbonise the country’s power sector by 2035. This is despite the analyst’s prediction that 287GW of solar and 115GW of wind capacity will be added to the US’ grid over the next 10 years, with 25GW of solar tipped for “record growth” over the next four years. ....
Print this article Subscribe today to the Washington Examiner magazine and get Washington Briefing: politics and policy stories that will keep you up to date with what s going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue! KERRY ON CARBON PRICING: President Joe Biden has chosen to lead with a clean electricity standard mandating carbon-free power by 2035 as one of his main climate change initiatives, and he hopes to pass it into law as part of his $2.3 trillion infrastructure bill. But climate envoy John Kerry suggested yesterday that carbon pricing will stay on Biden s agenda, even if it’s not the immediate path pursued. ....
The US will need to add at least 70GW of wind and solar a year from 2025 to meet President Joe Biden s aim to decarbonise the power sector by 2035, according to new research by BloombergNEF (BNEF). BNEF said it currently projects an average of 43GW installed each year from 2025, leaving a “significant gap” between its outlook and the administration s ambitions. BNEF lead US solar analyst Tara Narayanan said: “Even without details from the American Jobs Plan, wind and solar capacity additions will steadily grow over the decade, adding 287GW of solar and 115GW of wind. “Solar in particular will see record growth in the next four years, adding over 25GW each year across all sectors. ....