Joe Biden’s climate law not nearly sufficient

Slow progress: A file photo of a wind farm off New York. The Biden administration approved the seventh large offshore wind project in the United States in March. — AP

New York: President Joe Biden’s landmark climate law has mobilised hundreds of billions of US dollars in federal and private capital for clean energy.

Yet, panelists at BloombergNEF’s summit in New York said money alone won’t supercharge the transition from fossil fuels.