Wind, solar and hydropower will generate more than 20 percent of the power supply
Renewables are on track to generate more power than coal in the United States this year. But the question is whether they can grow fast enough to meet the country’s climate goals.
The Inflation Reduction Act's emission reductions hinge on the country’s ability to at least double the rate of renewable installations over the record levels observed in 2020 and 2021, said John Larsen, a partner at the Rhodium Group. Renewable output also exceeded coal in 2020, though that year saw a decrease in energy generation across the board due to the economic lockdowns associated with the Covid-19 pandemic.
“The important thing is it continues to grow and we get more capacity installed and output from renewables,” Cicala said. “The reason that is important is it will mean less generation from fossil resources.”
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