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    HomeGreen InfrastructureRenewable EnergyGutting clean energy incentives would drive up electric bills

    Gutting clean energy incentives would drive up electric bills

    This story was originally published by Canary Media.

    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 — 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 administration’s 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 

    Read full article originally published on grist.org

    Grist
    Gristhttps://grist.org
    A nonprofit, independent media organization dedicated to telling stories of climate solutions and a just future.
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