Today’s Solutions: September 22, 2021

While it seems that the green energy transition in the US could take ages with the current political climate in the country, American businesses are increasingly turning to a low-carbon portfolio when it comes to investments.

The fact was revealed in a recent survey of the nation’s leading financial institutions, which discovered high near-term confidence for renewable energy growth over the next three years and a strong appetite for energy storage.

Some of the respondents’ most cited reasons behind this confidence are the low costs of green energy; increased demand from corporations; and a desire to benefit from sunsetting tax credits. In 2018 alone, the private sector invested nearly $57 billion in renewable energy and enabling grid technologies. The amount is a promising step towards the goal set by the American Council on Renewable Energy last year, which aims to reach $1 trillion in green energy investments by 2030.

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