Wind, solar projects flourish under climate law, while nuclear and others lag behind

Under the Biden administration's push to reduce carbon emissions, certain sectors like solar energy have seen a boost, while other trail behind. New regulations prove controversial.

Ultimately, analysts expect U.S. government direct spending and tax credits under the law will far exceed the initial $400 billion estimate. Goldman Sachs Group has projected up to $1.2 trillion spending through 2031.

Two years after passage of the landmark climate law, early winners have been sectors such as electrical power, battery manufacturing and traditional clean energies like wind and solar. The law encouraged Asian and European companies to invest more in the U.S., which in turn prompted Europe to develop its own Green Industrial Plan over worries the U.S. would pull away clean-energy projects and talent.