The funds will source investments to harden the national power grid against natural disasters, while spurring innovation in renewable energy and electric-powered buildings and autos.
Investments in sustainable building methods increased 16% last year. These efforts may not be enough to counteract the carbon emissions from stead increases in construction worldwide.
The proliferation of funds and projects at every scale is a feature, not a bug, of a market that will put trillions of dollars into decarbonizing the economy.
Amazon, Microsoft and Alphabet have pledged to run their own operations on 100% clean power. But their suppliers remain deeply reliant on fossil fuels.
The recently enacted Inflation Reduction Act makes data center sustainability irresistible with these three main benefits: carbon reduction tax credits convert into cash, hyperscalers test wide-scale sustainability efforts, energy firms invest...