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Salon
Salon
Science
Seth Blumsack

How energy companies envision the future

Exhaust air rises from the chimneys of the Moorburg coal-fired power plant into the sky. (Christian Charisius/picture alliance via Getty Images)

With the U.S. government promising over US$360 billion in clean energy incentives under the Inflation Reduction Act, energy companies are already lining up investments. It's a huge opportunity, and analysts project that it could help slash U.S. greenhouse gas emissions by about 40% within the decade.

But in conversations with energy industry leaders in recent months, we have heard that financial incentives alone aren't enough to meet the nation's goal of reaching net-zero emissions by 2050.

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