The passage of the Inflation Reduction Act (IRA) is a long-overdue step toward establishing a national green bank that will unleash tens of billions of public and private dollars for investment in clean energy and climate-resilient infrastructure in underserved communities. In addition to supporting economic development, these investments will reduce air pollution and improve the health and safety of communities.
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To face a climate-altered future, the United States needs a resilient, affordable, and nimble electric system, one that can adjust and adapt to any situation, keeping the lights on no matter the challenge. Ensuring that the country has affordable and available electricity requires that Congress pass legislation now to support renewable energy and build a more resilient electric grid—the system that connects a source of energy such as a power plant to the consumers who use it.
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President Biden has laid out a plan for $550 billion in clean energy investment over the next 10 years. It’s a plan to create jobs, save families an average of $500 a year in energy bills, and help to make our country more secure. Ending our dependence on oil will distance U.S. families and businesses from the volatility of global markets. It will take us out of the business of subsidizing aggression from petro states like Russia. And it will help us confront the global climate crisis—the existential environmental challenge of our time.
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The California Public Utilities Commission broke new ground recently, approving new rules that will ensure utilities provide “utility-side make-ready” infrastructure (illustrated below) to support electric vehicle (EV) charging at no cost to the typical customer. This will reduce the costs of installing charging stations for cars, trucks, and buses by about 25 percent, fundamentally improving the economics of electrifying the transportation sector.
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The proposal to adopt a Clean Cars Minnesota program was given a greenlight today. An Administrative Law Judge ruled—as part of her report issued today—that the Minnesota Pollution Control Agency (MPCA) could move forward based on the extensive, deliberative, and open process and after thousands of public comments and filings by stakeholders.
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