The Trump administration insists that renewables are making energy more expensive and that more fossil-fueled power will reduce utility bills. But those claims are false β and if congressional Republicans succeed in repealing key tax credits supporting the growth of clean energy, Americans will suffer the consequences in higher electric bills.
So finds a report released Thursday by think tank Energy Innovation warning lawmakers of the costs of repealing the clean-energy tax credits created by the 2022 Inflation Reduction Act, the Biden administrationβs signature climate law.
The fate of those tax credits remains highly uncertain. Some Republican lawmakers have voiced support for keeping them in place, but others have criticized the incentives, which could channel hundreds of billions of dollars to solar and wind power, batteries, electric vehicles, and other carbon-free technologies over the next decade. President Donald Trump has also vowed to repeal the IRA.
Key members of the Trum... Read more
