Clean energy is booming. We’re about to waste almost all of it.

One year since the U.S. passed the Inflation Reduction Act, the most ambitious climate bill in the country’s history, clean energy is booming. Especially in Texas — which might come a surprise given the crucial role the oil industry plays in the state.

But Texas also tells the future about where we’re headed. The world is not moving fast enough: if the the US doesn’t dramatically speed up, it will miss its climate goals.

And even if the government makes building energy transition projects easier in the rest of the...