Biden’s climate law is dead. The energy transition might not be.

The Inflation Reduction Act, a landmark climate bill championed by the Biden administration, has indeed faced significant challenges. Its prospects for passage appear increasingly uncertain, which is a setback for climate action and the energy transition. This development is particularly concerning for the solar industry, which had been banking on the policy support and incentives that the Act would have provided.

Despite this setback, it's essential to recognize that the energy transition has gained significant momentum over the past few years, driven in part by declining technology costs and growing demand for clean energy. The solar industry, in particular, has seen remarkable growth, with solar energy becoming an increasingly cost-competitive source of electricity. While the Inflation Reduction Act would have provided a boost to the industry, its absence does not necessarily mean that the energy transition will stall. In fact, many of the underlying trends and drivers of the transition remain intact.

Looking ahead, the solar industry should watch for signs of how policymakers will respond to the challenges facing climate action. Will there be efforts to revive or replace the Inflation Reduction Act, or will other policy initiatives emerge to support the energy transition? Additionally, the industry should keep a close eye on developments in the electric vehicle and energy storage sectors, as these areas are likely to continue driving growth in the clean energy market. As the energy landscape continues to evolve, one thing is clear: the transition to a low-carbon economy is a long-term process that will require sustained effort and innovation.

Originally reported by grist.org. SolarNews adds analysis for climate & energy readers.