Bloomberg: "Treasury Details Tax-and-Climate Law Energy Community Rules
Daniel Raimi provides his thoughts on brand-new guidelines from the IRS and US Treasury Department on the energy community tax credit outlined in the Inflation Reduction Act.
The guidance was largely consistent with what the law required, said Daniel Raimi, a fellow with Resources for the Future who created a map last year to estimate the boundaries of energy communities.
While coal communities are clearly defined, the inclusion of an annually updated fossil-fuel employment figure appears to make swaths of the country eligible for the tax credit one year and ineligible the next year, Raimi said.
“Coal communities have some certainty with this new definition,” he said. “The other parts of the map, it’s a little less clear at this point.”
He noted that roughly half of the country is potentially eligible for the tax credit, saying, “so if the goal is to specifically target fossil fuel generation regions, we can see that it doesn’t do that.”
Report — Nov 1, 2022
What Is An “Energy Community”? Alternative Approaches for Geographically Targeted Energy Policy
We offer an alternative to the definition of an "energy community" outlined in the Inflation Reduction Act, one which would more narrowly target fossil fuel–dependent communities.
Resources Radio — May 30, 2023
Climate Hits Home: Urban Heat Islands in Las Cruces, with Lisa LaRocque
Lisa LaRocque discusses the urban heat island effect and how the city of Las Cruces, New Mexico, is mitigating the related risks of extreme heat.
On the Issues — Apr 21, 2023
On the Issues: Happy Earth Day!, US Road Infrastructure, and More
A biweekly newsletter connecting global current events, pressing climate and energy policy news, and economics research from RFF scholars. This week: happy Earth Day!, US Road Infrastructure, and more.
Press Release — Apr 13, 2023
Updated Tax Policies Could Secure Road Infrastructure Funding While Supporting the Energy Transition
Using the organization’s modeling capabilities, a team of researchers from Resources for the Future (RFF) analyzed several policy options that would maintain America’s roadways while supporting the transition to a cleaner transportation network.