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The US is on track to hit a goal of cutting greenhouse-gas emissions by 40% by 2030, but it's going to be a tall order.
A new report from the Clean Investment Monitor finds that the US power sector added 32.3 gigawatts of zero-carbon electricity generation and storage capacity in 2023, a 32% increase over the previous record set in 2022.
That's just enough to hit the bottom end of the forecast range of 60 to 127 gigawatts by 2024, according to the Rhodium Group, but it's not enough to meet the overall US climate goals, which call for a 40% cut in emissions by 2030 and a 50% cut in carbon dioxide emissions by 2050.
To meet those goals, the US will need to add an average of 70 gigawatts of clean energy capacity every year between 2025 and 2030, more than twice the amount added every year during the previous decade, reports the New York Times.
That's because the cost of clean energy is rising, as is the time it takes for wind and solar developers to get their projects approved and connected to the national power grid.
And in some regions, the wait time for wind and solar developers is three and a half years, and grid-upgrade costs are rising
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
