Forbes: "Manchin's Budget Offer Can Help America Fight Inflation and Climate Change"

A popular RFF issue brief is cited in a piece about the viability of clean electricity tax credits and other clean energy policies.

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April 27, 2022

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Media Highlight



Clean electricity tax credits as proposed in the House-passed version of the Build Back Better Act would push the U.S. from approximately 40% carbon-free electricity in 2020 close to the President’s goal of 80% by 2030—essential for reaching our national goal of 50 to 52% carbon emissions reductions. Resources for the Future analysis finds tax credits would grow the U.S. carbon-free electricity share from 40% today to 69% in 2030, and Energy Innovation’s Energy Policy Simulator estimates this would approximately quadruple current U.S. renewable energy capacity installations. Meanwhile, a Princeton-led study accounting for other energy measures in the House-passed version of the Build Back Better Act suggests the U.S. could reach 83 percent clean electricity by 2030, with tax credits playing the dominant role.

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