Inflation Reduction Act
Pondering the Effects of Biden’s Climate Policies
A new report has some unexpected implications.
A new report from an MIT researcher says that the “glass is half full” in terms of prospects for renewables in the U.S. This was interpreted by some to mean that Biden’s climate policies were proving successful despite repeal of key parts of the Inflation Reduction Act. That’s a bit of a misreading. It also misses some key takeaways from the report. Those include skepticism about tax credits for wind and solar, an emphasis on removing obstacles to new projects, and a call for supporting the development of “firm” power sources like geotherma
CONTINUE READINGStatutory Language? Who Cares About Statutory Language?
A new DOE guidance seems flatly contrary to the statute it’s acting under.
The Department of Energy has issued new guidance that cuts off rebates for people who replace a gas furnace with a heat pump. Under the new guidance, the rebate will be allowed only if the heat pump replaces an electric furnace. Unless I’m missing something, the statute creating the program says the exact opposite. I suppose maybe at this stage I should find this blithe lack of concern for legality unsurprising. Maybe I haven’t adjusted to the Trump era as much as I’d thought. The rebate program specifically covers “any “project that includes [among other things] … the purchase or installation … of an electric heat pump … to replace a nonelectric appliance.”
The Compelling Case for Clean Energy Subsidies
There’s a solid economic case for government support
Tax credits and direct subsidies sound like handouts. That’s not true in the case of renewable energy and electric vehicles. No should feel bashful in advocating for these subsidies. They provide very real benefits to society, not just to the shareholders in a few firms. Tax credits and subsidies. like those that were contained in the Inflation Reduction Act, will help us avoid many billions of dollars a year of harm to our environment and health. They will also make America competitive in what are clearly the industries of the future, rather than abandoning the field to China.
CONTINUE READINGTrump Tried to Kill Renewables. He Failed.
Despite assaults by Trump and his Congress, renewables are still growing.
Trump has done everything within his power to bless the US with more air pollution and carbon emissions from fossil fuels. Congress did its part, rolling back billions in spending and set accelerated phaseouts for tax credits. Yet renewable energy hasn’t died. It hasn’t even slowed down all that much.
Here are the numbers. Solar alone accounted for almost three-fourths of new generation capacity in Trump’s first ten months, and wind added another 13%, for 87% total. And this year should also be strong.
CONTINUE READINGNightmare on Penn Ave (Part 2)
After a year of Trump 2.0, here’s how things stand.
Eight years ago almost to the day, I wrote a post titled, “One Year and Counting.” I was writing at the end of Trump’s first year in office. And here we are again, one year into a second Trump Administration. Trump’s basically deregulatory strategy has remained largely unchanged. But there are some notable differences in the situations then and now. I closed my 2017 post with this: “One characteristic of the Trump Administration is a ceaseless stream of controversies and dramas. But generally speaking, the amount of actual legal change has been much more limited, because the system is designed to provide checks on administrative and legislative action.” It remains to be seen how well those checks will function this time around.
CONTINUE READINGQuiet Climate Policy
Just because climate change isn’t salient for most voters doesn’t mean policy isn’t important
This Substack post from Matthew Yglesias on climate policy gets, I think two things right and one thing wrong. And getting those three components of climate policy correct is, I believe, important to long term, politically sustainable success in addressing climate change. First, as Yglesias correctly notes, climate change is not a priority for most …
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CONTINUE READINGState Agencies Respond to Trump’s EV Threats
A solid list of proposals – are they enough?
The Trump Administration and Congress have spent much of the year attacking vehicle electrification efforts–everything from executive orders threatening electric vehicle policies and incentives (in the name of promoting “true consumer choice”) and the repeal of vehicle emission standards (backed by false claims of consumer savings) to the elimination of EV tax credits and manufacturing …
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CONTINUE READINGThe $133 Million Bat Tunnel
Here’s what permitting reform in the United Kingdom can teach the United States about building and abundance.
“We’ll rip out ‘insane’ environmental rules that block growth.” “We can’t get anything built anymore. Everything takes too long.” “We will streamline environmental obligations. We will limit the cynical legal challenges that block major infrastructure projects. We will strip away the years of consultation that drown builders.” You might well expect these threats and worries …
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CONTINUE READINGCommunity Benefits from Climate Infrastructure Investments
Tracking Investments Under BIL and IRA
Community Benefits tools, including Community Benefits Plans (CBPs), Community Benefits Agreements (CBAs), Host Community Agreements, and other variations are tools that can accompany infrastructure investments and bring benefits to communities that host those projects. There are different drivers that result in the use of community benefits tools and the tools employed (i.e., agreements, plans, etc) …
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CONTINUE READINGWhy I Still ♥ IRA
Biden’s climate law has already had a dramatic impact.
With over a half-trillion dollars in clean tech investment to date, the Inflation Reduction Act has left an indelible mark on U.S. climate policy. It’s unlikely that Congress will vote to repeal the whole law, given massive investments in GOP congressional districts. But even if they did, there’s no undoing the investments already made.
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