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.”
Issue Brief — Aug 3, 2022
Retail Electricity Rates under the Inflation Reduction Act of 2022
In this issue brief, RFF researchers model the impact of the proposed Inflation Reduction Act of 2022 on consumer electricity prices, finding that it reduces the average American's electricity bill by $170-$220 a year.
Environmental Justice Series — Mar 6, 2024
Environmental Justice: Taking Stock of Justice40
A virtual event exploring the implementation of Justice40, the US federal government's largest environmental justice initiative
Report — Feb 21, 2024
Policy Incentives to Scale Carbon Dioxide Removal: Analysis and Recommendations
This report surveys the challenges to scaling carbon dioxide removal efforts in the United States and details short-term solutions and long-run policy frameworks.