Biden alsodirectedfederal agencies to eliminate fossil fuel subsidies. “Unlike previous administrations, I don’t think the federal government should give handouts to big oil to the tune of $40 billion in fossil fuel subsidies,” he said in aspeechbefore signing the executive order. A few hours...
Clean hydrogen prices, even with subsidies and proposed tax credits, would still exceed that of fossil-fuel produced hydrogen and no incentives to switch have been granted potential offtakers, it said. Efforts at community outreach have largely failed, says Sean O'Leary, Senior Researcher at Ohi...
Power plant operators plan to retire 44 gigawatts (GW), or 23%, of the 2023 operational coal fleet by December 2030, according to the US Energy Information Administration (EIA). By 2032, when regulations on CCS come into force, only 143GW is expected to be operating in the US. The EPA...
He pointed out that subsidies to fossil fuels had increased while government assistance for renewable energy around the world had been cut or thrown into doubt. But he said that if countries outside the US wanted to make their industries more competitive, they should invest in energy efficiency ...
The revival of US industry through subsidies and tariff protection is a long-term project that would take many years to succeed or fail. A more immediate milestone is the general election in November. We forecast that Mr Biden will win a tightly contested presidential race. However, we think ...
Despite repeated pledges to phase out “inefficient” fossil fuel subsidies, the United States — the world’s largest current oil and gas producer — continues to provide billions of dollars each year to the oil and gas industry through various support measures. The study not only looks ...
These stacked subsidies could easily offset the extra transportation cost, which could mean volumes could be sold to the EU at a higher margin than in the domestic market. “We haven’t really seen many green hydrogen projects in the US with an export focus, mostly because the tax credit gu...
According to the EIA, declining costs and rising subsidies contribute to renewables displacing fossil fuels. “Economic growth paired with increasing electrification in end-use sectors results in stable growth in U.S. electric power demand through 2050 in all cases,” noted the EIA. “Declining ...
The science is clear that efforts to expand health insurance coverage—notably the ACA and Medicaid expansion—improve outcomes,7 but the new administration is expected to end ACA subsidies and to find ways to limit Medicaid coverage and enrollment. The courts will soon rule on Braidwood Management...
Biden’s Inflation Reduction Act provides generous subsidies to produce hydrogen from renewable electricity, spurring companies to invest in a technology that would be uneconomical otherwise. The move by Topsoe follows Norwegian electrolyzer makerNel ASA’s planto build a factory in Michigan. ...