Loose Regulations Could Triple Biden’s Green Energy Agenda Costs to $1.2 Trillion: Analysts

The cost of President Joe Biden’s green energy agenda could rise to $1.2 trillion, more than triple the original projection, if not accompanied by conservative implementation guidelines, financial analysts say.
The Inflation Reduction Act (IRA) of 2022 offers large tax and investment credits for the purchase of electric vehicles, home solar panels, heat pumps, energy-efficient home appliances, and other so-called clean energy initiatives.
The Congressional Budget Office (CBO) in August 2022 estimated the cost of these incentives at $369 billion between fiscal years 2022 and 2031 (pdf).
However, a report this month from multinational investment bank Goldman Sachs estimates that the true cost could be closer to $1.2 trillion….}