advait
finance & energy & markets & climate @ Center for Public Enterprise ☀️🏗️ • bay area / dc • advaitcore.substack.com. on twitter at @advaitarun_
- I'm in @heatmap.news last night explaining how the proposed phaseout of the IRA's energy credits, if passed into law, would impact energy markets NOW. (The "marginal tax rate" arg comes from my colleague @cthelala.bsky.social!) Great overview of what to expect from @robinsonmeyer.bsky.social:
- I'm in Utility Dive today explaining why the Ways & Means reconciliation proposal is tantamount to a repeal of the energy tax credits. The PIS change, the E&C recissions, and the end of transferability are a toxic cocktail: www.utilitydive.com/news/house-g...
- scalpel or sledgehammer? how about a sledgehammer-sized scalpel
- Great defense of the Inflation Reduction Act, explaining how it supports energy project deployment and tamps down electricity price volatility from @skandaamarnath.bsky.social and @arnabdatta.bsky.social at @employamerica.bsky.social today. These two arguments are particularly striking:
- Of course, this bill text could be worse, but it's still extremely bad for energy project investment because it undercuts the best and most promising parts of the IRA. A few reasons why from me and @cthelala.bsky.social in this thread:
- Formally, the IRA's elective pay / direct pay provisions, which allow public and nonprofit entities to receive cash equivalents of the tax credits, are untouched. But the changes to ITC and PTC rules will further severely burden elective pay-eligible entities.
- House Ways and Means cuts ITC and PTC energy tax credits for any projects not *placed in service* after 2028, and kills them by 2032--rather than cutting/killing credits based on when projects start construction. The text also appears to kill transferability for the ITC and PTC after two years.
- exhibit 143538475 that trump has no coherent governing philosophy for the economy, that congressional republicans do not care about enforcing one of their own, and that DOGE is worse than bad--it's silly. great interview on the dessication of the DOE @latitudemedia.bsky.social:
- "The initiatives proposed in the Climate Realism launch are the initiatives of giving up." Really good interrogation of the Trump-era contradictions in clean energy policy thinking from @jeremywallace.bsky.social in @heatmap.news today!
- 2. The climate crisis is here, and so is Donald Trump. Dealing with this reality is breaking people's minds, including the good folks at CFR and their wrong-headed climate realism initiative. I wrote about a real climate realism for @heatmap.news heatmap.news/ideas/climat...
- Touching short reflection from @ashwinwarrior.bsky.social on the mass firings of federal workers and the public services and support programs being destroyed in the process: What comes next? publicenterprise.org/public-servi...
