(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 28. The US is in
tipping point in energy transition, Annie Hills, Senior Advisor,
Clean Energy & Innovation, Special Presidential Envoy for Climate
John Kerry U.S. Department of State said, addressing the 9th Berlin
Energy Transition Dialogue, trend reports.
“The energy crisis and the volatility in the fossil fuel market
has reminded us that a clean and diversified grid is a resilient
grid, and we understand that in the United States. I would say that
we've been admitted to the energy transition through the Jobs Act,
the Chips Act, and with the Inflation Reduction Act being passed we
are at the point of no return in a good way. As I think many folks
here know, we've invested 369 billion dollars by some estimates,
even more than that, in generous clean energy incentives, and the
bulk of those are for carbon-free energy. What makes me feel
confident is that there is no returning, we are in the tipping
point in this energy transition, we are seeing major corporations
coming to final investment decisions based on the IRA investing in
clean energy and technologies,” she said.
Hills pointed out that the US is on track to decarbonize its
grid, be at this turning point and be a leading provider of clean
molecules, putting the country on track to meet its 2030 NDCs, to
have a resilient grid and supply chain in critical minerals as
well.
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