நண்பர்கள் ஆஃப் தி பூமி ப்ரோக்ர்யாம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
It s Time to Repeal Fossil Fuel Subsidies, Say Progressives
thenation.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenation.com Daily Mail and Mail on Sunday newspapers.
House Democrats united front
politico.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from politico.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON– Senator Ben Cardin (D-MD) this morning filed a nuclear bailout amendment to the Clean Energy for America Act, a renewable incentive bill. Senators Bob Casey (D-PA and Sheldon Whitehouse (D-RI) joined as cosponsors, submitting the changes the day of scheduled markup by the Senate Finance Committee.
The amendment would provide a $15 per MWh refundable production tax credit (PTC) for existing merchant reactors. Based on the number of eligible reactors, the estimated cost to taxpayers in lost revenue would be $50.8 billion through 2030. This would make the proposed bailout for existing nukes as expensive as Finance Committee Chairman Ron Wyden’s proposed PTC for the new development of clean renewables .
POLITICO
Get the Morning Energy newsletter
Email
Sign Up
By signing up you agree to receive email newsletters or updates from POLITICO and you agree to our privacy policy and terms of service. You can unsubscribe at any time and you can contact us here. This sign-up form is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Presented by Honda
With help from Eric Wolff, Anthony Adragna, Ximena Bustillo, Annie Snider and Alex Guillén.
Editor’s Note: Morning Energy is a free version of POLITICO Pro Energy s morning newsletter, which is delivered to our subscribers each morning at 6 a.m. The POLITICO Pro platform combines the news you need with tools you can use to take action on the day’s biggest stories. Act on the news with POLITICO Pro.
Reuters reported this morning that the Biden administration is supportive of a production tax credit (PTC) for existing nuclear reactors. This would increase costs for consumers and delay the uptake of cheaper, cleaner renewables.
If the PTC rate of 2.5 cents per KWh and the period of qualification from Chairman Wyden’s recent Clean Energy for America Act were applied to existing reactors, the cost to taxpayers could reach over $195 billion over the coming decade.
Friends of the Earth Program Manager Lukas Ross issued the following response:
A nuclear bailout is wrong for taxpayers, wrong for ratepayers, and wrong for the climate. Paying to keep aging reactors online is courting disaster and guaranteed to slow the deployment of truly clean renewables. Congress and President Biden should not throw good money after bad.
vimarsana © 2020. All Rights Reserved.