E&E News: "Report Maps How Climate Bill Would Cut Power Costs, CO2"
The story covers RFF's new analysis on the power sector implications of the Inflation Reduction Act.
The sweeping climate and energy deal that passed the Senate over the weekend could lower electricity costs by up to 6.7 percent within a decade as a surge in solar and wind projects displace more expensive fossil fuels, according to a new analysis.
Average households in the U.S. would see annual savings between $170 and $220 over the next 10 years if the "Inflation Reduction Act" becomes law, Resources for the Future (RFF), a nonprofit research group, said in the report last week...
“It’s a common misconception that consumers won’t benefit economically from confronting climate change or making our grid clean,” said Nicholas Roy, a research analyst at RFF and the lead author of the study. “There’s other ways you could make a policy where cleaning the grid or confronting climate change wouldn’t reduce prices, but this policy is a policy that would do that.”
