The lack of transmission capacity is stifling companies’ ability to go all in on clean energy projects and holding us back from creating an even bigger manufacturing boom than what we’ve seen up to this point.
Securing our energy future also depends on electrifying large swaths of the economy, from the cars we drive to the appliances in our homes and workplaces. Thanks to the IRA, we are going to see more change in our economy–and more progress toward decarbonization—in the next four years than we have experienced over the previous 40.
All of our progress toward the adoption of cleaner, more efficient technologies depends on transmission. A recent study from Princeton University determined that unless we at least double our current rate of transmission buildout, the U.S. will miss out on an eye-popping 80% of the IRA’s emissions reduction target. Carbon-polluting coal and gas power plants would even be forced to increase production to satisfy rising electric demand.
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