Inflation Reduction Act And Renewable Energy Development: Its Positive Aspects And Limitations
This week, the Biden administration announced a series of actions to reignite the country’s solar power business. The president waived tariffs for two years on solar imports from 4 Asian countries. He also invoked the Defense Production Act to enhance American solar panel manufacturing and other clean energy technologies. The administration says it can triple solar energy manufacturing in the U.S. by 2024. “We are excited to see that the Senate Democrats have come to an agreement on this historic…