Manchin Hasn’t Killed Biden’s Climate Agenda (Yet)
A story in the New York Times Magazine cites recent modeling about reconciliation policies that could reduce power-sector emissions.
A separate study indicates that BBB’s clean-energy tax credits will go a long way toward decarbonizing the U.S. power sector by themselves. According to an estimate from Resources for the Future, absent any policy change, emissions from power generation in 2030 will be 43 percent lower than they were in 2005. If the Democrats pass Build Back Better’s green tax credits, power-sector emissions will be 72 percent lower in 2030; with both the CEPP and tax credits, it will be 81 percent lower.
Nick Roy is a Research Analyst at RFF where he analyzes an array of policies including clean energy tax credits, renewable energy standards, and emissions pricing.
Dallas Burtraw is a Darius Gaskins senior fellow at RFF. Burtraw’s research includes analysis of the distributional and regional consequences of climate policy and the evolution of electricity markets including renewable integration.