A new analysis from researchers at the University of Chicago and the Rhodium Group, an energy-research firm, finds that one of President Joe Biden’s marquee energy proposals—the one of the most likely to make it through Congress—has a good chance of working. Biden’s clean-energy tax credits—a set of incentives that would push the United States to generate more electricity through wind, solar, and other zero-carbon resources—would be one of the most cost-effective climate policies in American history, according to the analysis. The researchers’ study, which has not been peer-reviewed, finds that the policy’s benefits will be three to four times larger than its costs, creating as much as projected $1.5 trillion in economic surplus while eliminating more than 5 billion tons of planet-warming carbon pollution through 2050. More >>
