GOP budget bill poised to crush renewable energy in the US
Far from the front lines of the climate crisis, 100 men and women in air-conditioned offices, 61 of them millionaires, are making decisions that could increase United States carbon dioxide emissions, and the warming of the climate they are driving, for decades to come.
In the latest political wrangle over energy and climate policy, a group of Republican senators over the weekend added provisions to the US federal budget bill that, as currently written, would end clean energy tax credits at the personal level and at utility scale and increase taxes on foreign-made parts for solar power equipment.
Ending federal subsidies for most renewable energy projects, including residential heat pumps, for example, would affect thousands of projects that are already in planning or development and jeopardize future investments in manufacturing renewable energy equipment.