Jakob Puckett writes about how Biden’s approach to clean energy misses the point:

But the time for subsidies (if there ever truly was one) has passed, as technological advances have cut the cost of generating power from wind and solar plants substantially. In fact, the Energy Information Administration estimates of wind and solar generation by 2031 without Build Back Better subsidies are nearly identical to the Congressional Budget Office’s expectations with the subsidies. That these subsidies are expected to have such negligible effect should be a clue that something else is holding back clean-energy development.
The biggest obstacle to getting more clean energy on the grid isn’t federal spending. It’s regulation.

Read the whole thing here.