Big Tech Is Green Power's Best Defense Against the GOP
Under attack from President Donald Trump, the cause of greening America's power grid now relies to a large degree on some of his most recent converts in Silicon Valley. This has nothing to do with politics; rather wealth, scale and urgent need are working together to advance both renewable energy and nuclear power, albeit in different ways.
The Trump tax bill working its way through Congress is a huge blow to renewables. Senate Republicans were expected to dilute the zealous anti-greenery in the House version of the bill, but the latest language out of the Senate Finance Committee, is only a little less harsh. Tax credits supporting wind and solar projects will phase down to zero by the end of 2027. That might pull forward some projects, but it will ultimately bump renewable energy costs up considerably. For example, removing the investment tax credit raises a typical solar project's electricity price by around 40%, according to Lazard Inc. Together with regulatory efforts to boost the fortunes of coal and gas-fired electricity, this would ultimately suppress appetite for new renewables projects.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
23 minutes ago
- Bloomberg
Trump Deploys 2,000 More National Guard Troops to Los Angeles
The Trump administration activated 2,000 additional National Guard soldiers in California, even as the state's governor clashes with the White House over deploying troops. US Northern Command said in a statement Wednesday that Defense Secretary Pete Hegseth is directing the troops to protect federal functions, personnel and property in Los Angeles. US Northern Command said the members will not conduct law enforcement, and are completing training on 'de-escalation, crowd controls and use of the standing rules for use of force' ahead of joining other soldiers.
Associated Press
24 minutes ago
- Associated Press
Kyiv rescuers find more bodies as death toll from latest Russian missile attack climbs to 28
KYIV, Ukraine (AP) — Emergency workers pulled more bodies Wednesday from the rubble of a nine-story Kyiv apartment building demolished by a Russian missile, raising the death toll from the latest attack on the Ukrainian capital to 28. The building in Kyiv's Solomianskyi district took a direct hit and collapsed during the deadliest Russian attack on Kyiv this year. Authorities said that 23 of those killed were inside the building. The remaining five were killed elsewhere in the city. Workers used cranes, excavators and their hands to clear more debris from the site Wednesday, and sniffer dogs searched for buried victims. The blast also blew out windows and doors in neighboring buildings in a wide radius of damage. The attack overnight on Monday into Tuesday was part of a sweeping barrage — Russia fired more than 440 drones and 32 missiles in what Ukrainian President Volodymyr Zelenskyy said was one of the biggest bombardments of the war, now in its fourth year. Russia has launched a summer offensive on parts of the roughly 1,000-kilometer (620-mile) front line and has intensified long-range attacks that have struck urban residential areas. At the same time, U.S.-led peace efforts have failed to grain traction. Also, Middle East tensions and U.S. trade tariffs have drawn world attention away from Ukraine's pleas for more diplomatic and economic pressure to be placed on Russia. The U.S. Embassy in Kyiv said the attack clashed with the attempts by the administration of President Donald Trump to reach a settlement that will stop the fighting. 'This senseless attack runs counter to President Trump's call to stop the killing and end the war,' the embassy posted on social platform X. Kyiv authorities declared Wednesday an official day of mourning. Mourners laid flowers on swings and slides at a playground across the street from the collapsed building. On Tuesday, a man had waited hours there for his 31-year-old son's body to be pulled from the rubble. Valentin Hrynkov, a 64-year-old handyman in a local school who lived on the seventh floor of a connected building that did not collapse, said he and his wife woke up to the sound of explosions followed by a pause, and then another blast that rattled their own building. He said his wife had shrapnel injuries in her back and his legs and feet were cut by broken glass. The damage trapped them in their apartment for around 30 minutes before rescue workers could free them, he said. He felt an overwhelming sense of 'helplessness and primal fear' during the attack, he told The Associated Press. ___ Follow AP's coverage of the war in Ukraine at
Washington Post
24 minutes ago
- Washington Post
Texas asks voters to approve billions to avoid future water shortages
Lawmakers in the Lone Star state will ask voters to make a Texas-sized investment in the state's water future, as part of a push to stave off looming shortages in one of the fastest-growing corners of the nation. Gov. Greg Abbott (R) on Wednesday afternoon is slated to sign into law a central piece of a legislative package aimed at helping Texas tap into new sources of water over the coming decades, as well as to invest in flood mitigation, conservation and repairs and upgrades to aging infrastructure in many communities.
