In the final moments of 2020, the most important U.S. energy legislation in a decade flew in under the radar, attached to the coronavirus relief and government funding bill.
It’s an astonishing collection of measures. It sets aside $35 Billion in new funding for clean energy R&D, phases out some of the most egregious greenhouse gases, and extends tax credits for wind, solar, nuclear, and carbon capture. What’s the impact?
It would have been a bill big enough to discuss this whole episode. But it’s been eclipsed by the possibility of more ambitious legislation under a Democrat-controlled Congress — thanks to some big Senate wins in Georgia on Wednesday.
With a window of action open, how much can get done in the next two years? We’ll dig in.
Lastly, one of the biggest business stories from the last year: Tesla. A stratospheric stock price, strong sales growth, and the second richest man in the world. What do Elon Musk’s fortunes foreshadow for EVs?
Recommended reading:
- Greentech Media: What Renewable Energy and Energy Storage Did, and Didn’t, Get from Congress This Week
- E&E News: 13 Ways the Massive Omnibus Hits Energy
- Dave Roberts Volts Podcast: The Energy Act
- E&ENews: Things to Watch in a 50-50 Senate
- Bloomberg: Tesla Poised for Expansion After Just Missing 2020 Target
- Barron’s: Tesla Passes a Market-Cap Milestone. It’s Worth More Than Facebook.
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Source: Greentech Media
