- The Inflation Reduction Act (“IRA”), a linchpin to the U.S. meeting its emissions goals, includes $369 billion dedicated to expanding renewable energy
- The new bill is projected to generate $600 billion in capital investment, 550,000 clean energy jobs, and 525-550 gigawatts of new clean power
- The passage of the IRA served as a catalyst to solar stocks and continues to grow interest in upstarts like GeoSolar Technologies
President Joe Biden is on a mission to cement his legacy as an ambassador of all things anti-climate change. The passage of the Inflation Reduction Act will forever be his key piece of legislation as he doubled down on America meeting its emissions targets. The administration’s efforts are good for solar stocks from up-and-comers like GeoSolar Technologies (“GST”) to established brands like First Solar (NASDAQ: FSLR) and the loyal solar investment community that has endured over the last decade as solar builds momentum.
“We’re proving that good climate policy is good economic policy,” said President Biden in a speech at the COP27 climate negotiations in Egypt. Biden emphasized, “The United States of America will meet our emissions targets by 2030.” The country has a promised to cut greenhouse gas emissions by at least…
NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST
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