Axios’ Amy Harder examines the roles in which subsidies and energy innovation may play in climate legislation.
- Both sides of the aisle have revealed their plans to address climate change—Democrats plan to regulate and mandate clean energy standards, while Republicans have doubled down on energy innovation.
- In order to produce meaningful results, bipartisan support is needed. One topic that has bipartisan support is energy innovation and R&D.
- Rewards-based policies that incentivize cleaner energy have been more impactful than regulation and mandates. We should continue this trend by incentivizing the free market to tackle climate change.
“One is a bipartisan Senate bill introduced last week that would give subsidies to nuclear power plants that are in danger of closing down. It would also streamline the regulatory government reviews that advanced nuclear power plants must undergo.”
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