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climate change

Rural America Gonna Get Woke Clean Energy Dollars. Thanks A Lot, Joe Biden!

Rural utilities won't even have to teach CRT, so it's quite the deal.

The Biden administration is rolling out another part of its effort to speed up America's transition to renewable energy, announcing Tuesday that $11 billion in grants and loans are now available to rural areas to ditch old inefficient fossil fuel plants and replace them with affordable clean energy.

The aid comes in the form of two Department of Agriculture programs: The "Empowering Rural America" or “New ERA” program will provide $9.7 billion in grants for rural electric cooperatives to "deploy renewable energy systems, zero-emission and carbon capture systems," and the "Powering Affordable Clean Energy" (PACE) loan program that will provide another billion dollars in partly forgivable loans to a range of rural and tribal energy entities to "help finance large-scale solar, wind, geothermal, biomass, hydropower projects and energy storage in support of renewable energy systems."

The administration has been very diligent in pointing out that this is the biggest federal investment in rural energy infrastructure since Franklin D. Roosevelt's Rural Electrification Act in 1936, although the announcements have also been fairly careful not to put the words "green" and "New Deal" anywhere near each other.

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taxes

Joe Biden Would Love To Negotiate With Republicans: Let's Close Some Tax Loopholes!

That's weird that they said no!

Since Republicans are pretending to be Very Concerned About the Deficit — as they only are when a Democrat is president — the White House offered Republican leaders in Congress a list of ideas that would help reduce the deficit, primarily by closing tax loopholes that cost the federal government billions in lost revenue.

You will absolutely guess what happened next: The Republicans, who have been demanding massive (but mostly unspecified) cuts to non-defense spending as the price of raising the debt ceiling, "rejected every item" on the list, according to three anonymous "people familiar with the matter," as the Washington Post reports (free gift link):

On a phone call last week, senior White House officials floated about a dozen tax plans to reduce the deficit as part of a broader budget agreement with House Republicans, including a measure aimed at cryptocurrency transactions and another for large real estate investors, two of the people said. They were all swiftly rejected by the GOP aides on the call, the people said.

This is because Republicans don't actually care about reducing government debt; they care about telling people they want to reduce government debt. Debt limit negotiations continue this week, as Democrats work to find a way to prevent the disastrous economic consequences of defaulting on the US national debt, and Republicans work to find a way to force Democrats to accept wholesale dismantling of successful Biden policies by threatening to force a default on the debt.

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climate change

EPA Gonna Punch That Climate Emergency Right In The Snoot!

Stop it, Joe Manchin, we will pull this yacht over right now!

The Biden administration rolled out yet another piece of its climate plan today, as the Environmental Protection Agency proposed new regulations to limit the greenhouse gases emitted by electric power plants fueled by coal and methane (so-called "natural" gas). As the New York Times puts it in an admirably simple and accurate sentence,

The nation’s 3,400 coal- and gas-fired power plants currently generate about 25 percent of greenhouse gases produced by the United States, pollution that is dangerously heating the planet.

Instead of mandating any particular technology, the rules set caps on rates of carbon dioxide pollution that plants can release, leaving it up to energy producers to find ways to meet the goal of eliminating CO2 emissions by 2040. If industry can find ways to capture all CO2 from smokestacks — technology that doesn't exist yet — then great. But it's more likely that utilities would have to switch to green energy, or for gas plants, to burning green hydrogen (the kind produced without fossil fuels), which emits no carbon.

And while the EPA doesn't say it, we're happy to: The faster the US and the world adopt solar and wind electricity, the cheaper that electricity will be per megawatt hour. According to an Oxford University study published in September, a rapid transition away from fossil fuels to wind and solar could save the world $12 trillion by 2050, which would help offset other costs of the transition like grid upgrades and developing reliable storage/backup/distribution of clean energy. Going slow, on the other hand, will cost more and result in greater climate caused damage.

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