Invoking the Defense Production Act could help reshape the economics around building decarbonization
CLIMATEWIRE | Solar panels are getting their moment in the sun after President Joe Biden yesterday invoked the Defense Production Act to jump-start the renewable energy sector.
“The importance of this cannot be understated,” said Ari Matusiak, CEO of Rewiring America, a nonprofit that advocates for electrifying the U.S. economy. “It’s a big move by the administration.” The idea is to induce firms to beef up their manufacturing capacity, and that extra supply will help bring down prices, said Todd Tucker, director of industrial policy and trade at the Roosevelt Institute.
The administration could distribute the heat pumps it purchases under the Defense Production Act to front-line communities — either for free or at a discount — in order to advance its environmental justice goals, he said. Biden’s move is aimed at the supply side of the heat pump market. Advocates also want to boost demand through more rebates and tax credits, which were included in Democrats’ stalled reconciliation legislation.
U.S. production of insulation is currently sufficient to supply new buildings, the Energy Department said. But more will be needed to retrofit older buildings.
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