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Power

In Just 15 Months, America Made $37B In Clean Energy Investments In Fossil Fuel-Reliant Regions (msn.com) 52

America passed a climate bill in August of 2022 with incentives to build wind and solar energy in regions that historically relied on fossil fuels. And sure enough, since then "a disproportionate amount of wind, solar, battery and manufacturing investment is going to areas that used to host fossil fuel plants," reports the Washington Post.

They cite a new analysis of investment trends from independent research firm Rhodium Group and MIT's Center for Energy and Environmental Policy Research: In Carbon County, Wyo. — a county named for its coal deposits — a power company is building hundreds of wind turbines. In Mingo County, W.Va., where many small towns were once coal towns, the Adams Fork Energy plant will sit on a former coal mining site and produce low-carbon ammonia... While communities that once hosted coal, oil or gas infrastructure make up only 18.6 percent of the population, they received 36.8 percent of the clean energy investment in the year after the Inflation Reduction Act's passage. "We're talking about in total $100 billion in investment in these categories," said Trevor Houser, a partner at Rhodium Group. "So $37 billion investment in a year for energy communities — that's a lot of money...."

Most significantly, 56.6 percent of investment in U.S. wind power in the past year has gone to energy communities, as well as 45.5 percent of the storage and battery investment... The analysis also found that significant amounts of clean energy investment were going to disadvantaged communities, defined as communities with environmental or climate burdens, and low-income communities. Many of the states benefiting are solidly Republican...

Josh Freed, senior vice president for climate and energy at the center-left think tank Third Way, is not sure whether the clean energy investments will make a difference for next year's election. But in the long term, he argues, rural Republican areas will become more dependent on clean energy — potentially shifting party alliances and shifting the position of the Republican Party itself. "It's going to change these fossil fuel communities," he said.

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In Just 15 Months, America Made $37B In Clean Energy Investments In Fossil Fuel-Reliant Regions

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  • Pull a Trump (Score:2, Informative)

    by jmccue ( 834797 )

    I wish it was 10x the amount. It is too bad Biden does not get b***s and redirect some $ from the defense budget.

    There is precedent for doing that. Trump diverted funds from defence to build a border wall, that was also allowed by the US Supreme Court (IIRC). At the time, many GOP pols said a Democrat President could declare a Climate Emergency and do the same.

    So, time for Biden to do the same.

    • Re: (Score:1, Troll)

      You're forgetting the Supreme Kangaroo Court. If Biden does that, they will strike it down after permitting Trump to do the exact same thing on the basis that Governing While Democrat isn't allowed.

      They've already handed down multiple rulings overturning enormous segments of law (most pointedly, campaign finance law, the right to an abortion and the virtually complete destruction of the Voting Rights Act) in which it was utterly transparent that their conclusion was derived from right wing ideology, not
      • There is precedent for doing that. Trump diverted funds from defense to build a border wall, that was also allowed by the US Supreme Court (IIRC). At the time, many GOP pols said a Democrat President could declare a Climate Emergency and do the same.

        You're forgetting the Supreme Kangaroo Court. If Biden does that, they will strike it down after permitting Trump to do the exact same thing on the basis that Governing While Democrat isn't allowed.

        But... this Court deeply respects established precedent ... (Ha, ha - *snort* ...)

        [Though, seriously, they said, under oath, in their confirmation hearings that they did.]

    • Biden should spend DOD money on defending the border with Mexico? I read he's doing that.
      https://www.militarytimes.com/... [militarytimes.com]

      If you mean that the Biden administration should spend DOD money on energy then that's something I read as also happening. I'm having trouble finding a good source to cite on that, too much noise from more recent news events. Anything defense related gets results on what is happening in Israel or Ukraine. Oddly enough though I found news of the Department of Energy building new nucle

    • Re: (Score:2, Informative)

      by Anonymous Coward

      I wish it was 10x the amount. It is too bad Biden does not get b***s and redirect some $ from the defense budget.

      That's ignorance speaking. Stop barking up the wrong tree.

      The defense budget is ~3.5% of US GDP.

      US health care spending is about 18% of GDP. That of other developed nations runs from 9-11% of GDP. In other words, about twice the annual military budget. Meanwhile, the US is well below the top in measures of health care quality such as longevity (currently ranked 47 in the world).

      In other words, the USA is spending 7% of GDP more than other developed nations, about twice the entire annual US military budg

  • in other words (Score:3, Informative)

    by quonset ( 4839537 ) on Saturday November 25, 2023 @02:44PM (#64031091)

    While communities that once hosted coal, oil or gas infrastructure make up only 18.6 percent of the population, they received 36.8 percent of the clean energy investment in the year after the Inflation Reduction Act's passage.

    Places which bitch about socialism have their hands out for all that free money which their Republican officials will brag out.

    • Republicans will brag about the money they got from the Inflation Reduction Act? As I recall no Republicans voted for it, and unless someone is messing with Wikipedia that does appear to be the case. https://en.wikipedia.org/wiki/... [wikipedia.org]

      What is there to brag about? They suckered the Democrats to hand out money to Republicans? I'm sure that will go over well with Democrat leaning voters, with friends like that who need enemies?

      I'm a bit foggy on what the IRA did about coal as that appeared to be a sticky poi

      • Re:in other words (Score:5, Informative)

        by quonset ( 4839537 ) on Saturday November 25, 2023 @04:38PM (#64031247)

        Republicans will brag about the money they got from the Inflation Reduction Act?

        Yes, they [go.com] have [theguardian.com]. In fact, to cut Republicans off from bragging about projects in their communities created by the Inflation Reduction Act, the White House has put up signs at each location informing the people it was his administration which got the money for the project under the IRA.

        You will note in the first article how Republicans will claim they've been wanting funding all along [politico.com] for whatever project. And yet, when they had control of the purse strings, the money was never available.

        • That just means their constituents will be angry and vote against Dems for daring to serve all of the people instead of playing partisan football. I'm sure they'll also be angry at some group for being ungrateful.
      • Republicans will brag about the money they got from the Inflation Reduction Act? As I recall no Republicans voted for it, ...

        They did all vote against it and at least some are also taking credit for it or, at least praising the results. From Republicans Are Taking Credit for Infrastructure Bill They All Voted Against [newrepublic.com] (and others):

        Senator Tommy Tuberville (R-AL) lauded the news Tuesday, celebrating the law’s impact on Alabama’s rural communities:

        Broadband is vital for the success of our rural communities and for our entire economy.
        Great to see Alabama receive crucial funds to boost ongoing broadband efforts.
        -- Coach Tommy Tuberville (@SenTuberville) June 27, 2023

        Senator John Cornyn (R-TX) also tweeted [twitter.com] an article boasting about Texas receiving a whopping $3.3 billion for broadband, more than any other state in the nation.

        Representative Nancy Mace (R-SC)on Wednesday hosted a press conference celebrating the law’s allocation of nearly $26 million to a Charleston, South Carolina, regional bus hub featuring electric buses. Mace has previously called [twitter.com] the bipartisan infrastructure law “absurd” and a “fiasco,” and specifically derided funding electric mass transportation as “socialism.”

  • Electric remains too pricey for the masses.
  • This comment section is worse than a Kenosha dumpster fire at a BLM rally. I'm not even angry Slashdot :*(

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