Volts What the F is happening? Part 3
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May 30, 2025 Adrian Deveny, a former Senate aide who played a key role in crafting the Inflation Reduction Act, shares insights on the current climate crisis. He discusses the House GOP's "Big Beautiful Bill," which could dismantle recent climate initiatives. Deveny expresses concern over the lack of pushback from moderate Republicans and the potential impact on clean energy policies. They also delve into the legislative shifts affecting tax credits for solar and wind energy, highlighting the significant revenue losses and challenges facing future clean energy projects.
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House GOP Bill's Damage
- The House GOP bill is worse than expected, amounting to a near full repeal of the Inflation Reduction Act.
- It not only kills clean energy progress but also gives new benefits to fossil fuel industries.
Senate Dynamics on The Bill
- The Senate process allows Democrats tools like the Byrd Rule and Voterama to modify the House bill.
- Senate Republicans are drawing clearer lines to defend some clean energy credits compared to the House.
Wind and Solar Tax Credit Repeal
- Wind and solar tax credits face near total repeal with tight 60-day construction start and 2028 service deadlines.
- This kills almost all new clean energy project financing and deployment post-bill passage.