Why East Coast states want to show the fishing industry the money
Nine east coast states on Monday released a plan to create a fund that would compensate fishing interests for losses related to offshore wind development. These fishing interests are worried that the wind farms will hurt their profitability and create more competition. But some states like New York and New Jersey \u2014 along with the Biden administration \u2014 are hoping to use the clean energy generated from these wind farms as part of their ambitious plans to combat climate change. POLITICO\u2019s Ry Rivard breaks down the plan and what\u2019s at stake if it falls apart. Plus, California is poised to cut incentives for rooftop solar today.