Zinc8 In The Media

Biden Brings 'Trust Us' Message to Skeptical UN Climate Summit

Biden Brings 'Trust Us' Message to Skeptical UN Climate Summit

November 11, 2022

Frustrated by the limits of the federal government’s reach, US climate envoy John Kerry has already been working on a creative solution that would help lure risk-averse private capital to funding the construction of solar arrays and wind farms in developing countries. His carbon credit proposal, unveiled Wednesday, was greeted with skepticism by many carbon-market experts because past offset programs have been abused, but many environmental groups praised it as a promising first step.

On decarbonizing the US, Biden has a much better story to share, thanks to the Inflation Reduction Act, which analysts say gives the US a credible path to cutting greenhouse gas emissions at least 40% from 2005 levels by the end of the decade.

It’s already speeding investments in US clean energy manufacturing and domestic supply chains: Zinc8 Energy Solutions Inc. plans to build a new battery manufacturing facility in New York; solar panel maker Hanwha Q Cells is evaluating sites in Georgia, South Carolina and Texas for a new plant; and REC Silicon ASA and Mississippi Silicon now intends to expand facilities in Washington state and Montana.

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