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The Biden administration’s recently announced $20 billion clean energy investment marks another significant effort to combat climate change under the Inflation Reduction Act of 2022 (IRA). Vice President Kamala Harris and Environmental Protection Agency Administrator Michael Regan spoke at an event on July 14, 2023, announcing the plan, which creates two complementary competitions providing funding for community-based climate projects across the country.
On March 25, 2022, the Biden-Harris administration issued a press release announcing a May 11, 2022, wind energy auction of 110,091 acres in the Carolina Long Bay offshore wind energy area off North Carolina’s coast. This announcement marks a tangible step closer to the Biden-Harris administration and state of North Carolina’s clean energy goals of achieving 30 GW and 2.8 GW, respectively, of offshore wind power by 2030.
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