Discover the hidden gem of climate agencies
The shift towards clean energy is sparking interest beyond the usual energy enthusiasts. The buzz is not just about policies but about a broader audience trying to grasp the complexities of the energy sector. Recently, topics like energy permitting have taken the spotlight in American legislation, drawing attention to the Federal Energy Regulatory Commission (FERC), an agency that oversees interstate energy transmission.
In 2022, the Inflation Reduction Act (IRA) was passed by Congress, offering tax incentives for clean-energy projects. To expedite the permit process for solar and wind farms, as well as transmission lines, is crucial for meeting decarbonisation goals. A study from Princeton University highlighted the urgent need to increase electricity-transmission capacity to fully benefit from the IRA.
Efforts to streamline the planning process, such as granting FERC more authority in permitting, have faced obstacles. However, innovative proposals like allowing regions to transfer electricity between them could enhance grid flexibility and resilience, ultimately benefiting consumers.
2024-04-25 08:57:47
Source from www.economist.com