每日英語跟讀 Ep.K449: Passage of Climate Bill Sparks a Surge in Clean Energy Projects
In the weeks since President Joe Biden signed a comprehensive climate bill devised to spur investment in electric cars and clean energy, corporations have announced a series of big-ticket projects to produce the kind of technology the legislation aims to promote.
Toyota said it would invest an additional $2.5 billion in a factory in North Carolina to produce batteries for electric cars and hybrids. Honda and LG Energy Solution announced a joint venture to build a $4.4 billion battery factory at a location to be named.
Piedmont Lithium, a mining company, said it would build a plant in Tennessee to process lithium for batteries, helping to ease America’s dependence on Chinese refineries — a key aim of the Biden administration. First Solar, a big solar panel manufacturer, said it would invest up to $1.2 billion to build its fourth factory in the United States, probably somewhere in the Southeast, largely because of renewable energy incentives in the climate bill.
But those projects also illustrate how much work remains to be done. Factories take time to build, and until then electric vehicles are likely to remain scarce and expensive. Toyota’s factory in North Carolina and Honda’s venture with LG will not produce batteries until 2025.
Some of the projects were in the works before the federal legislation passed, and before California added an extra push by banning sales of new gasoline cars by 2035. The big climate bill, the Inflation Reduction Act, is the latest in a series of policy moves and geopolitical developments that have pushed automakers and suppliers to invest in the United States. The trade war with China, disruption of supply chains by the pandemic, changes in free-trade agreements with Canada and Mexico, and the bipartisan infrastructure law last year have all had a powerful impact on where companies decide to build factories.
At a time of economic uncertainty, the legislation gives companies more confidence that they can earn a return on their bets. The investments serve as affirmation of political leaders’ intent: to further accelerate America’s transition away from fossil fuels and to reduce dependence on foreign suppliers, especially those in China.
Investment in renewable energy will total $1.2 trillion by 2035, analysts at Wood Mackenzie estimate, substantially more than would have been the case without the legislation.
伍德麥肯茲公司分析師估計，2035年之前投資再生能源總額將達到1.2兆美元，比沒有這項立法的情況下多很多。Source article: https://udn.com/news/story/6904/6636221