Coastal Review: New law repeals offshore wind energy lease moratorium

Coastal Review: New law repeals offshore wind energy lease moratorium

August 19th, 2022

By Mark Hibbs, CoastalReview.org

President Joe Biden signed into law this week a sweeping measure that promises to address inflation in part by lowering Americans’ energy costs and bolstering the clean energy economy.

The administration said the new law would reduce the deficit by hundreds of billions of dollars and create millions of good-paying, clean energy jobs. The Inflation Reduction Act also removes the Trump administration’s 10-year moratorium on offshore wind energy leasing.

Posted in GOV
Share this Article
Send this to a friend