New Legislation Likely to Increase Power Costs and Shift Energy Policies
TL;DR Summary
The new law signed by President Trump ending tax incentives for wind and solar projects is expected to increase electricity prices across the U.S., especially in Republican-led states, by reducing renewable energy development and increasing reliance on more expensive natural gas, while also limiting progress on reducing greenhouse gas emissions.
Topics:business#climate-change#energy-and-environment#natural-gas#power-prices#renewable-energy#tax-incentives
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