Despite the rhetoric that energy tax credits are essential to energy dominance, the real obstacle holding back energy investment and deployment is regulatory bottlenecks at the federal, state, and local levels. Policy reforms that unlock all forms of energy development can enhance energy affordability and grid resiliency at a significantly lower cost to taxpayers.
Trump-era tax cuts and full expensing offer a pro-growth alternative to IRA subsidies, boosting innovation, ensuring business certainty, and advancing clean energy.
America and the rest of the world need a comprehensive response to China’s overfishing and aggressive fishing tactics, which overwhelm competitors and threaten biodiversity.
With the crafting of a reconciliation package in full swing, the fate of the Inflation Reduction Act (IRA) hangs in the balance. Much of the discussion in Washington has centered on what will happen to the energy tax credits. In a new paper, we outline how full expensing is a pro-growth, pro-environment policy that doesn’t pick winners and losers.
Affordable, reliable transportation is essential for everyday life, and sound transportation policy can have profound positive effects on the economy, the environment, and the lives of all Americans.
The reality is offshore wind could offer compelling potential benefits that make a categorical ban shortsighted and counterproductive.
Most Americans have concerns about the pollution and waste associated with plastic use, most notably single-use plastics like water bottles. However, calls to restrict plastic production and consumption would likely backfire, resulting in higher consumer costs and worse environmental outcomes.
Senator McCain called for the United States to build forty-five new nuclear reactors by 2030. The plan was ambitious, but as one of his top economic advisors commented at the time, “not so large as to be infeasible given permitting and construction times.”
With less than five years to go, only two reactors have been built since the late senator’s campaign pledge.
Facing Facts on the PRC’s Environmental Realities and How the U.S. Can Lead in Energy Dominance and Environmental Progress
The attempt to force an economically foolish energy transition onto its people turned Germany from global envy into a cautionary tale. The U.S. must heed the warning—if Congress and the administration fail to fix America’s broken regulatory process, America’s energy dominance and economic prowess could suffer a similar fate, with similar political consequences.
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