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The $9tn question: how to pay for the green transition

The bill for meeting climate goals will be immense. Governments worldwide are trying to figure out how to foot it

In Falls County, about 30 minutes’ drive from Waco in the heart of Texas, clean energy company Avangrid is building its largest ever solar project.  

Due to be completed early next year, the True North solar project will have a capacity of 321 megawatts, equivalent to enough energy to provide power for more than 55,000 US homes.

True North, as well as several other Avangrid projects, is a beneficiary of the Inflation Reduction Act, the US’s foremost legislation to drive green investments by providing subsidies, grants and tax credits to climate-friendly projects and companies. 

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