Chart: US clean energy investment is soaring thanks to climate law
Private and public investment in clean energy rose to a total of $147B in the first half of this year — a record-setting figure.
Exactly two years ago today, President Joe Biden signed the Inflation Reduction Act, establishing a wide array of clean energy programs meant to supercharge spending on climate solutions.
Investment in clean energy projects — from solar manufacturing facilities to home batteries to hydrogen hubs — has taken off ever since, rising to record heights in the first half of this year.
Across the first six months of 2024, U.S. cleantech investment hit $147 billion, per new data from the Clean Investment Monitor, a joint project from Rhodium Group and the MIT Center for Energy and Environmental Policy Research. That’s a more than 30 percent jump from the first half of 2023. The report measures actual investment — not announcements or plans — from both public and private sources.
