How the GOP Megabill Would Reshape the U.S. Energy Economy

Republicans are preparing to tear up America’s clean energy tax credits as part of their budget reconciliation megabill. Hollowing out those policies will have sweeping implications for the country’s energy system — it could set back solar, nuclear, and geothermal development; bring less electricity supply onto the grid; and devastate the country’s fledgling electric vehicle supply chain. 

A new report — written by our own Jesse Jenkins — is all about the real-life consequences of killing the tax credits. On this week’s episode of Shift Key, Jesse shares the forthcoming analysis of the bill from Princeton University’s REPEAT Project. Rob and Jesse discuss what best-in-class modeling tells us the bill will mean for carbon emissions, the energy economy, the power grid, and consumer energy costs. Shift Key is hosted by Jesse Jenkins, a professor of energy systems engineering at Princeton University, and Robinson Meyer, Heatmap’s executive editor.

You can read a complete transcript of the interview here.

Mentioned:

New REPEAT Project report on the GOP reconciliation bill

How a House GOP Proposal Would Essentially Gut the IRA’s Biggest Tax Credits

Why it’s a problem for the clean energy tax credits to lose transferability

Why mortality can fall during recessions: clean air

The natural gas turbine crisis

Jesse’s upshift; Rob’s downshift.

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Music for Shift Key is by Adam Kromelow.

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