Floodlight: “As Congress Slashes Spending, Will Clean Energy Tax Credits Survive?”
RFF modeling about the impacts of a potential tech-neutral tax credit repeal is cited in this story, which is accompanied by commentary from Fellow Aaron Bergman.
Resources for the Future says repealing those credits also would increase carbon dioxide emissions by 2035 by up to 400 million metric tons a year, equivalent to the annual carbon emissions from 54 million homes.
“If you repeal the tax credits, what we see is less renewable generation and more fossil fuel generation,” said Aaron Bergman of Resources for the Future, adding that electricity prices will rise because renewable generation is cheaper...
“They could keep these tax credits,” said Bergman of Resources for the Future. “They could repeal them entirely. They could modify the tax credits in some ways. There are a lot of options out there that they could look into.”
