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Incentives and Dynamics of Renewable Energy in the U.S.
This chapter explores the effectiveness of production and investment tax credits in boosting renewable energy investments in the U.S., comparing it with Europe’s revenue subsidies. It analyzes the intricate relationship between federal and state energy policies, focusing on California and Texas, their unique energy markets, and the vital role of battery storage. Additionally, the chapter examines challenges in offshore wind energy development, regulatory hurdles, and the importance of building a domestic supply chain to enhance job creation and project efficiency.