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As electric vehicle ownership is steadily growing in the U.S.,there is an increasing need for a robust EV charging infrastructure throughout the country. One of the main reasons conventional fossil fuel-based vehicles are more competitive is a more extensive refueling infrastructure that is more convenient for long-haul trips. One of the biggest climate incentives from President Biden’s administration is to build a large-scale network of 500,000 EV chargers along America’s highways.

The window to reach the U.S’s net zero goals is getting increasingly narrower, even with the hefty investments and ambitious goals set by the Biden administration. Investments in renewable energy and carbon sequestration projects have exponentially increased in the last few years.The state of New York, for example, saw a 2,100% expansion in the solar sector in the last decade.

Wind power plays a central role for the U.S. in achieving its net zero targets in the next few years. Although the U.S. has seen considerable progress in wind generation capacity, it still trails behind Asia and Europe. A lot of these issues are due to a lack of funding and higher capital costs compared to Europe. Nevertheless, the Biden-Harris administration has prioritized wind power, particularly offshore wind, in America’s net zero strategy. 
Key Wind Energy Statistics in the U.S.

The U.S.electricity grid is the backbone of the U.S.economy, as nearly every sector is dependent on a reliable and steady source of power. The power grid in the U.S. is an expansive network with over 9,200 power generating units, 600,000 power transmission lines and over 1 million MW of power generating capacity. Its reliability and power generation requires state-of-the-art technology and engineering. 

However, many parts of the U.S.

In the global race to reach net zero, the need for sustainable finance has never been more salient. Sustainable finance does not just encompass environmental sustainability, but also social and economic.