EnergyWatch

Biden brings major gift to wind sector along to COP26

A ten-year extension of subsidies for wind projects both on land at sea now only need the US Congress' stamp to become a reality. History's largest clean energy investment has lobbyists cheering.

Photo: Jonathan Ernst/Reuters/Ritzau Scanpix

Heads of state and government from all over the world are now packing their bags to go to the UN climate summit, COP26, in Glasgow, Scotland. Several of such dignitaries will likely try to make a show of helping the world's climate by traveling light and packing mainly hot air. On the other hand, US President Joe Biden might have to jump up and down on his suitcase a few times to make it close.

Biden is namely bringing along a package of USD 320bn in the form a ten-year extension of the US' federal subsidy schemes for renewable energy.

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