A new report indicates that US investment in renewable energy has reached record levels in 2023. However, the rate of expansion in this sector is still below the level required to achieve US climate change goals, indicates the report prepared by researchers from Princeton University and the Institute of… MIT, Rhodium Group and the nonprofit Energy Innovation Foundation noted that the United States has not made the investments necessary to achieve a 40% reduction in greenhouse gas emissions by 2030, the goal stated in President Joe Biden's plan under the landmark 2022 Climate Change and Inflation Reduction Act (IRA). ).

The report's findings show a mixed mix; It indicates that large public utility clean energy installations face obstacles as a result of delays in obtaining permits and delays in connecting networks, in addition to challenges facing equipment sources. On the other hand, electric vehicle sales are meeting researchers’ expectations.

The landmark Climate Change and Inflation Reduction Act (IRA) offers generous tax breaks for electric vehicles and clean energy technologies such as wind and solar farms, and zero-emission vehicles accounted for 9.2% of light-duty vehicle sales last year, the high end of the expected range of 8.1%. To 9.4%, according to the report.

The groups expect electric vehicle sales growth this year to be 50% lower than last year, but will still be on track to meet US climate goals if they remain in the 30% to 40% range. However, zero-emission electricity generation and storage has seen a 32% rise. % last year to 32.3 gigawatts, but it was later than the expectations called for by the research groups’ models; The required annual additions range from 46 to 79 gigawatts.

According to the report, it is important for the United States to add between 60 and 127 gigawatts of capacity this year to stay on track, but installations will likely fall below that range, and beyond 2024, clean energy installations must increase to between 70 and 127 gigawatts of capacity this year to stay on track. And 126 gigawatts annually, a challenge that requires continuous and diversified efforts to achieve the country’s climate change goals.