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Abrogation of the IRA Does Not Slow the Energy Transition: 75% of Renewables Resist, According to MIT
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The repeal of the main tax credits of the Inflation Reduction Act (IRA) in the United States has not stopped the energy transition, but it has slowed down the rate of decarbonization. MIT’s study concludes that 75% of the new renewable capacity foreseen is still moving forward due to market inertia, although the goal of reducing emissions by 50% by 2035 has been ruled out. The impact of the repeal of the Inflation Reduction Act One year ago, in …
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