Biden’s climate law is dead. The energy transition might not be.

Biden’s climate law is dead. The energy transition might not be.

The Inflation Reduction Act, which became law in 2022, was the first and largest climate bill in the history of the United States. It was also the cornerstone of President Joe Biden’s economic agenda. The bill offered billions of dollars in tax credits for companies that built solar and wind farms or electric-vehicle battery factories, and to consumers who purchased electric cars and heat pumps. These incentives led developers to build enough so…