Energy Gang

What’s next for energy after the US elections?

7 snips
Nov 11, 2024
Amy Myers Jaffe, a leading energy policy expert, Robbie Orvis, who specializes in energy markets, and Ray Long, CEO of ACORE, discuss the seismic shift in U.S. energy policy after recent elections. They explore how the incoming Republican administration will prioritize affordability over sustainability, potentially reshaping wind, solar, and nuclear energy sectors. The trio analyzes the future of critical initiatives like hydrogen hubs, energy tax credits, and the implications of tariffs on the EV market, all while navigating the intersection of policy, innovation, and market dynamics.
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INSIGHT

IRA Tax Credit Impact

  • The Inflation Reduction Act's clean energy tax credits are crucial for the US energy outlook.
  • Republicans may not repeal all credits, given some benefit Republican districts.
ANECDOTE

Mesquite, TX Solar Plant

  • Ray Long visited a new solar panel manufacturing facility in Mesquite, Texas.
  • The facility, spurred by IRA tax credits, doubled the median income in the community.
INSIGHT

Tax Credit Predictions

  • Tax credits for carbon capture, hydrogen, nuclear, and potentially blue hydrogen are likely to be safe.
  • Electric vehicle tax credits might be targeted due to Trump's stance on EVs.
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