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 — along with the Biden administration — are hoping to use the clean energy generated from these wind farms as part of their ambitious plans to combat climate change. POLITICO’s Ry Rivard breaks down the plan and what’s at stake if it falls apart. Plus, California is poised to cut incentives for rooftop solar today. Josh Siegel is an energy reporter for POLITICO. Ry Rivard covers energy, the environment and transportation in New Jersey for POLITICO. Nirmal Mulaikal is a POLITICO audio host-producer. Raghu Manavalan is a senior editor for POLITICO audio. Jenny Ament is the executive producer of POLITICO’s audio department.