(Spoiler: It’s what the biogas and RNG industries want too!) 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 The researchers’ study, which has not been peer-reviewed, finds that the policy’s benefits will be three to four times larger than its costs, creating as much as projected $1.5 trillion in economic surplus while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. “It’s very rare that we get opportunities to have policies with a benefit-to-cost ratio of 3 or 4 to 1. Normally it’s, like, 1.3 to 1, and we economists get very excited,” More >>
