President Joe Biden says that by 2030, his administration wants to reduce greenhouse gas emissions in the United States by 50% from 2005 levels.
In this July 1, 2010, photo provided by Dominion Resources shows tanks at the Cove Point LNG terminal at Cove Point in Calvert County, Md. The debate over exporting liquefied natural gas is intensifying as the Energy Department considers an array of applications to ship the fuel to Japan, India and other countries where prices are far higher than in the United States. says that by 2030, his administration wants to reduce greenhouse gas emissions in the United States by 50% from 2005 levels.
Surprisingly, however, the seed capital made available by the Inflation Reduction Act to reduce greenhouse gas emissions isto states controlled by the Republican Party. The GOP opposed the Inflation Reduction Act. As a general matter, the Democratic Party sees climate change as an existential threat. Republicans do not. For Republicans, climate change is not a political priority.The answer is straightforward, capital flows to the highest returns. Business exists to make a profit. More investment will take place when the opportunity for profit is higher. Broadly speaking, land is less expensive in red states than blue states.
Complying with regulations is a cost of business. Lower regulatory costs translate into higher profits and higher investment. New green energy investment flows south because infrastructure in the South is constantly improving. Cartel construction unions do not make infrastructure improvements exorbitantly expensive. The Port of Savannah in Georgia is the third-busiest in the U.S. The size and depth of the harbor are being increased. Atlanta’s Hartsfield-Jackson Airport continues to expand.
Green energy business knows it can obtain necessary business inputs efficiently and that it can distribute green energy outputs efficiently by air, sea, road, and rail.
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