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North American power markets: navigating a trickier path to decarbonisation
As part of its commitment to domestic energy production and clean power, the Inflation Reduction Act will continue to guarantee federal tax credits until at least 2050, in our view. While this brings long term federal support, our latest outlook reveals that the decarbonisation of North America is not going to be plain sailing. There are several headwinds bottlenecking the potential speed of the energy transition, the most major of which are delays in the process of connecting new forms of energy to the grid, and higher than previously expected long term cost trends for all types of power. Additional prevalence of ... (full story)