5 September 2023
Subsidized green energy projects are faltering as costs soar. Offshore wind and solar developers demand sharp price increases due to rising expenses, despite the Inflation Reduction Act’s subsidies. Government-driven demand for renewable projects has worsened inflation, making solar and wind much pricier than natural gas. Even with generous support, EVs, solar, and wind lack scalability due to mineral shortages and labor constraints. Biden’s policies worsen inflation and energy instability.