The ongoing glut of negative economic and environmental headlines is hiding real reasons for optimism, at least on the energy transition front. The next few years are vital for keeping global warming at a manageable level. Happily, across industries and geographies, we expect the next few years will feature major progress in transitioning to renewable energy.
First and perhaps most importantly, the Inflation Reduction Act is already a transformational piece of climate legislation. Most major international renewable energy companies are now exploring opportunities within the U.S. thanks to the favorable environment created by the legislation. At an international level, the IRA has set off a race between countries to incentivize green investment.
