HILL ENERGY BRIEFING: Democrats at Crossroads on Clean Energy Plans

摘要

The Biden administration’s clean energy plan shares common goals with a tax incentive overhaul championed by Senate Finance Chairman Ron Wyden (D-Ore.), with some importantdifferences to resolve as infrastructure negotiations continue.President Joe Biden’s plan would extend energy-based tax credits for five years or more, including extensions through the end of the decade for wind, solar, nuclear, and electric vehiclechargers. The Wyden legislation (S. 1298) is more goal-oriented, extending tax credits for wind, solar, and other energy sources until they essentially hit certain targets for reducinggreenhouse gas emissions.Clean energy advocates are encouraged that the competing proposals both aim to end the current uncertainty around temporary tax incentives as part of an effort to steer the U.S. awayfrom fossil fuels.