Posted on Aug 18, 2022
Massive new climate law could give Pacific Northwest green businesses a boost
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Companies large and small around the Pacific Northwest say they are excited by growth opportunities that may flow from the climate, healthcare and tax package signed by President Biden on Tuesday. Turbocharged federal spending could benefit the region’s green energy sector in particular, although congressional Republicans remain dubious that Americans on the whole will come out ahead.
The Democrats’ domestic spending package, officially entitled the Inflation Reduction Act, directs nearly $375 billion toward incentives and tax credits to increase renewable energy production and reduce climate pollution. The president of a small Seattle company that makes marine environmental monitoring gear said the Northwest is well positioned to capitalize.
“It’s a great turning point,” enthused Tim Acker of Biosonics. “We have so much here in the Pacific Northwest to support this. So, we see nothing but really positive times in the next ten years.”
The Democrats’ domestic spending package, officially entitled the Inflation Reduction Act, directs nearly $375 billion toward incentives and tax credits to increase renewable energy production and reduce climate pollution. The president of a small Seattle company that makes marine environmental monitoring gear said the Northwest is well positioned to capitalize.
“It’s a great turning point,” enthused Tim Acker of Biosonics. “We have so much here in the Pacific Northwest to support this. So, we see nothing but really positive times in the next ten years.”
Massive new climate law could give Pacific Northwest green businesses a boost
Posted from kuow.org
Business
Climate Change
Renewables and Environment
Energy
Posted 2 y ago
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PO1 William "Chip" Nagel
..."Outside experts, such as Bill Hare of Climate Action Tracker, say the new law is a big step for the United States, but it’s still not enough considering that America is the biggest historic carbon polluter, had done little for decades and lags behind Europe.
“At this point anything going in that direction you count as a win, right? I mean after so long a time of total inaction and knowing how difficult politically it is to get the country moving in a direction like this due to politics and economics and all the other things involved with this issue,” National Center for Atmospheric Research climate scientist Gerald Meehl, who wasn’t part of the analysis, said about what the new law will do. “You can argue that’s not nearly enough, but I think once you start seeing motion, you hope that then we can build on that and kind of keep the ball rolling.”
..."Outside experts, such as Bill Hare of Climate Action Tracker, say the new law is a big step for the United States, but it’s still not enough considering that America is the biggest historic carbon polluter, had done little for decades and lags behind Europe.
“At this point anything going in that direction you count as a win, right? I mean after so long a time of total inaction and knowing how difficult politically it is to get the country moving in a direction like this due to politics and economics and all the other things involved with this issue,” National Center for Atmospheric Research climate scientist Gerald Meehl, who wasn’t part of the analysis, said about what the new law will do. “You can argue that’s not nearly enough, but I think once you start seeing motion, you hope that then we can build on that and kind of keep the ball rolling.”
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