Investing in America Agenda Funds Projects Across 44 States to Strengthen the Power Grid Against Extreme Weather, and Deliver Cheaper, Cleaner, Reliable Energy to Communities Across the Country; Supports Union Jobs in the Utility Sector
    • silence7@slrpnk.netOPM
      121·
      1 year ago

      It’s part of the Inflation Reduction Act, so it’s far from the only thing happening. My expectation is that consistent with the history of US electric supply, private capital will supply the bulk of what’s needed here.

      • Changetheview@lemmy.world
        1·
        1 year ago

        For sure. This is basically the incentives and kick starting. Sustainable energy and utility production are already massively profitable. This is just a basic usage of the tax system to prioritize and incentivize specific actions for the systems/places that likely need it most.

        A ton of private capital will be flowing and it’s likely that many investors and private business owners will get very wealthy from these programs. Not to mention that many others will gain valuable employment.

        Will it be completely perfect? Nope. But it’s exactly what developed nations do to create a nice place to live with reliable, advanced infrastructure. And they’ll create many economic windfalls while doing so.