The House’s Reconciliation Bill Would Be A Bonanza For Clean Energy

"Tax credits and direct pay for clean energy, storage and transmission. Funding for EVs and electrification. A program to get utilities on board. But will the Senate go along?"

"Tax credits and direct-pay provisions for a panoply of clean energy and carbon-reduction technologies. Incentives to expand and strengthen the nation’s power grids, encourage adoption of electric vehicles and electrify buildings. And a program to push U.S. utilities to make use of these technologies to reach an 80 percent carbon-free electricity supply by 2030.

These are the key energy and climate provisions in the text of the Build Back Better bill released by Democrats in the U.S. House of Representatives late last week. They’re seen as the best shot for federal policy that could deliver the emissions-reduction goals set by the Biden administration, including achieving a zero-carbon grid by 2035.

All of these provisions, and the rest of the broader $3.5 trillion budget reconciliation package, face a steep challenge in a U.S. Senate split 50 – 50 along party lines. Senator Joe Manchin, the West Virginia Democrat who’s publicly demanded a dramatic reduction in the price tag of the bill, has earned millions of dollars from his stake in a company that brokers coal, a resource historically important to his state’s economy that would be heavily penalized by the provisions of the bill."

Jeff St. John reports for Canaary Media September 12, 2021.

Source: Canary Media, 09/15/2021