Google Touts Stalled Reconciliation Package in Energy Agenda

“Many existing zero-carbon power plants around the world are at risk of closing, although they could continue to operate safely for decades more,” the company said. “The loss of such amounts of carbon-free electricity will increase carbon emissions and make the task of decarbonizing the electricity system more difficult. »

Google pointed to the reconciliation bill, known as the Build Back Better Act, and a bipartisan bill of 2021 (S 2475) from the senator. Michael D. Crapo, R-Idaho. The reconciliation bill included a separate tax credit that would apply to all carbon-free resources, as well as stand-alone subsidies for storage and transportation. Crapo’s bill, introduced last summer, would create a technology-neutral tax credit that would be phased out once the technologies prove their commercial viability.

After Senate Energy and Natural Resources Chairman Joe Manchin III, DW.Va., said he would not support the climate and social spending package because of its cost, Democrats went back to the plank drawing on how to win Manchin’s vote to pass the bill with 51 votes in the Senate under reconciliation rules that avoid the need for a 60-vote filibuster.

Environmental reviews

Environmentalists have criticized the Biden administration for backtracking on the president’s climate commitments. The White House said this week it would allow the sale of gasoline containing up to 15% ethanol during the summer, which could worsen air quality in some areas.

The combination of high fuel prices exacerbated by Russia’s war on Ukraine and high inflation has put Democrats in a difficult position for their far-reaching climate policies with midterm elections around the corner. street, observers said.

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