Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»The Republicans who want to save the IRA
    Commodities

    The Republicans who want to save the IRA

    August 14, 20244 Mins Read


    It’s been two years since President Biden signed the Inflation Reduction Act into law, kicking off a wave of clean energy investments.

    But two years on the books hasn’t guaranteed the IRA’s future. Republicans have been working to repeal parts of the law since it was passed, and former President Trump has lashed out against renewables and electric vehicles (at least those not made by Elon Musk’s Tesla) that have seen big benefits under the IRA.

    Rep. Mariannette Miller-Meeks, the chair of the Conservative Climate Caucus. Credit: Rebecca F. Miller / The Gazette via AP

    The uncertainty is one reason some developers have delayed major manufacturing projects, the Financial Times reported. But a new plea from some Republicans may give them some reassurance.

    Last week, 18 House Republicans wrote to Speaker Mike Johnson, warning him against fully gutting IRA incentives as their party works to repeal the law. The lawmakers still think the IRA is “deeply flawed,” but say eliminating its tax credits could upend energy projects already under construction and jeopardize billions of dollars of investments, including some in their districts.

    Republican-held districts have received about four times more IRA funding than blue districts. It’s unclear if Democrats designed the law to have that effect, but either way the uneven flow of funds to conservative communities could complicate any push to repeal President Biden’s flagship climate law.


    More clean energy news

    🌎 Walz on climate: Kamala Harris’s selection of Minnesota Gov. Tim Walz as her running mate has energized climate advocates, but it is not clear how his record of advancing clean energy policies will be deployed in the campaign. (Inside Climate News, E&E News)

    🖥️ Dissecting data center demand: Experts warn that estimates of soaring power demand from data centers could be overblown, with the risk of leaving ratepayers on the hook for new electricity infrastructure that may not be needed. (E&E News)

    ☀️ Renewables are winning: Wind and solar for the first time are on track to generate more power than coal plants in the U.S. this year thanks to a surge of solar deployment in 2023. (E&E News)

    💸 Where the IRA is working: Federal data shows Inflation Reduction Act tax credits for renewable energy systems were most popular in Florida and the Southwest, while people in cold-climate states were more likely to utilize energy efficiency credits. (New York Times)

    🏭 Deploying clean heat: The Department of Energy is using authority under the Defense Production Act to deploy $85 million to speed up manufacture of heat pumps. (The Hill)

    👷 Solar gets working: An intensive 13-week training course in Illinois is connecting workers from underrepresented backgrounds to employers as part of a broader effort to create 1,000 solar jobs in Chicago. (Energy News Network)

    📊 Catching tailwinds: A new report examining 70 countries says the U.S. ranks the worst on progress toward an international goal to triple wind generation by 2030. (Associated Press)

    🛢️ Carbon capture casualty: Using captured carbon dioxide to extract more oil and gas releases more carbon into the atmosphere than it puts underground by prolonging the use of fossil fuels, environmental groups say in a new report. (States Newsroom)


    📢 We want to hear from you! Send us your questions, comments, and story tips by replying to this email.

    💸 Support our work: The Energy News Network is powered by support from readers like you. If you like Energy News Weekly, share it with a friend! Or give today and help us keep our news open and accessible for all.

    📧 Want more energy news? Sign up for our daily digests.

    Related



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    De Nantes à Clisson, les micros festivals de métal dans l’ombre du Hellfest

    Commodities

    cette découverte pourrait permettre de doubler la durée de vie des voitures électriques

    Commodities

    Journée «portes ouvertes» au centre de formation des Bâtisseurs

    Commodities

    Vivo Energy Maroc dévoile sa station-service Shell, certifiée HQE ‘Excellent’

    Commodities

    A Powys woman has been chosen for this year’s Royal Welsh Agricultural Society’s Rural Leadership Programme

    Commodities

    Couvy Rock Festival, du punk et du métal!

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Orano et le chinois XTC New Energy s’associent pour créer deux usines de batteries pour véhicules électriques, à Dunkerque

    Stock Market

    Stock Market Today: Stocks Soar on Retail Sales, Walmart Earnings

    Property

    Nomura Real Estate vend huit propriétés au Japon pour 10,8 milliards de yens -Le 12 mars 2025 à 00:19

    Editors Picks

    Are you ready? Four major FinTech trends for 2025

    October 11, 2024

    Supreme Court says cryptocurrency needs to be regulated, banning not an option

    May 19, 2025

    Analyzing SolarWinds (NYSE:SWI) & Tenet Fintech Group (OTCMKTS:PKKFF)

    August 20, 2024

    Elizabeth Warren Challenger Joins Others In Opposing Michael Saylor’s Bitcoin Storage Stance: Nothing More American Than The Right To Self Custody

    October 23, 2024
    What's Hot

    Atalaya Mining Copper Sa : Un Début D’année Positif Soutient La… -Le 18 mars 2025 à 08:13

    March 17, 2025

    Three British men in Spain arrested over kidnap of cryptocurrency broker | News World

    February 9, 2025

    un nouvel opérateur de recharge se lance en Belgique

    May 19, 2025
    Our Picks

    State Street Global Advisors buys stake in Australian fintech Raiz

    August 27, 2024

    Evaluating Its Position Among the Best Wind Power and Solar Stocks to Buy

    August 26, 2024

    intérêt pour le bassin d’Orange malgré des dépréciations d’actifs

    February 6, 2025
    Weekly Top

    One of UK’s ‘poshest suburbs’ where you can buy a property for £160k | UK | News

    May 31, 2025

    The UK’s ‘best’ seaside town to move to in 2025 with properties on sale for just £70k | UK | News

    May 31, 2025

    SEC Dismisses Lawsuit against Binance

    May 31, 2025
    Editor's Pick

    une manifestation des actionnaires prévue en mai

    March 13, 2025

    8 Most Promising Clean Energy Stocks According to Hedge Funds

    October 13, 2024

    FIP Silver Las Palmas – Campagnolo et Gala trop forts pour Leygue et Gil

    May 3, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.