Many American clean energy trade associations and other stakeholders are pleased with President Joe Biden’s plans to let the United States back to the Paris Agreement. Among the happy organizations include the American Council on Renewable Energy (ACORE), the US Solar Energy Industries Association (SEIA), and the Business Network for Offshore Wind. In its efforts to curb climate change, SEIA supported the agreement since it was signed in 2016 and has continued to support it.
SEIA president and CEO Abigail Ross Hopper said that this marks an important day to everyone since the climate crisis is a threat to the planet. Most American people, corporate leaders, local governments, and states are dedicated to using renewable energy to decrease greenhouse gas emissions. Hopper added that they are looking forward to working with Biden’s administration and making America a global leader again to fight climate change. She also said that as the country is trying to recover from Covid-19 effects, it’s high time they address serious issues such as racial justice, climate change, and economic recovery. Hopper said that the solar industry has the capacity to address these challenges, put back many Americans to work, and generate billions of dollars for significant economic growth.
The Business Network for Offshore Wind CEO, Liz Burdock, said that they are ready to work and support the new Biden’s administration to speed off the transition to green energy. So far, the federal legislative action has developed a new 30% tax credit for the US wind industry and inviting private developers to invest in the supply chain. This will lead to creating better jobs for thousands of people and delivering clean power to millions of American households.
The offshore wind industry has already kicked off. For instance, the construction of the biggest offshore wind plant in US history has been announced in New York with a capacity of 2.5GWs. This will help American companies have export opportunities. America would have an additional 10GW of generation as more wind turbine vessels are being installed.
Over 30GW of offshore wind production capacity would be procured by the East Coast states, which is more than the current federal offshore leases. After the federal approval, the construction of many offshore wind projects with a total capacity of 11.6GW since they have already secured financial offtake. The Paris Agreement urges all the countries worldwide to keep global warming below 3.6 degrees Fahrenheit and limit the increase to 1.5 0C. This can only be attained by improving energy efficiency and transitioning to green energy.https://nymarketreports.com/