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Infrastructure, Renewables, ESG Initiatives Lead Trends for 2022

February 3, 2022

Via: PowerMag

The Biden administration has made clear its intention to promote the transition to clean energy, setting ambitious goals like carbon neutrality for the power sector by 2035 and for the entire country by 2050. A critical step toward these goals was congressional passage of the $1 trillion Infrastructure Investment and Jobs Act (IIJA), which President Biden signed into law on Nov. 15, 2021.

In addition to spending for roads, public transit, electric vehicle charging networks, and safe drinking water, $65 billion was set aside by IIJA for clean energy transmission infrastructure and updating the electric grid. As emphasis on renewable energy sources gains momentum, questions remain on interim steps in this historical transformation.

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