Fossil fuel subsidies, totaling trillions annually, hinder climate change efforts. This article explores the complexities of these subsidies—from direct price controls to indirect tax breaks—explaining their political and economic roots and the challenges in phasing them out. Learn about global initiatives, the impact of energy price spikes, and potential solutions.
Amid Donald Trump’s promise to drastically increase US oil production, energy strategist Vikas Dwivedi casts doubt, questioning the global need and highlighting potential market instability. Dwivedi’s concerns encompass geopolitical risks and the impact on oil prices, contrasting Trump’s fossil fuel focus with Elon Musk’s renewable energy advocacy.
The Biden administration’s plan to charge oil and gas companies a fee on methane emissions has ignited a political firestorm, with Republicans vowing to overturn the rule under the incoming Trump administration. The EPA’s Waste Emissions Charge, intended to incentivize emissions reduction, has been met with fierce opposition, highlighting the partisan divide on energy policies.
The Biden administration has outlined a comprehensive plan to significantly boost the U.S.’s nuclear energy capacity, aiming to triple it from 2020 levels by 2050. This initiative seeks to reach 200 gigawatts (GW) of net nuclear capacity, emphasizing the crucial role nuclear power plays in achieving net-zero greenhouse gas emissions and tackling the climate crisis.
Following his victory in the 2024 election, President-elect Trump has outlined a three-pronged economic plan focusing on tax cuts, energy independence, and fair trade policies. This article delves into the key features of each policy and their potential impact on the American economy.
Vice President Kamala Harris’s stance on energy policy has been criticized for its inconsistency and confusion, leaving voters unsure of her position on crucial issues like fracking and electric vehicle mandates. This article examines three key areas where Harris’s rhetoric has contradicted her actions and those of the Biden-Harris administration, highlighting the potential consequences for energy workers, the economy, and foreign policy.
Berkeley, California, is once again pushing the boundaries of energy policy with a proposed tax on natural gas consumption in large buildings. This measure, which could become the first of its kind in the nation, has sparked debate about the role of natural gas in a sustainable future and reignited the heated national debate over gas stoves.
A new white paper by The Brattle Group examines the potential benefits and drawbacks of allowing utilities to own and develop renewable energy assets in New York State. The study finds that utility ownership could accelerate renewable energy development and potentially save customers money, but also highlights potential risks like cost overruns.
Vice President Kamala Harris’s stance on fracking has become a central issue in the 2024 election, with oil and gas industry leaders demanding clarity on her position. Her shift towards supporting fracking has been met with skepticism, with industry experts highlighting the importance of a comprehensive energy policy plan.
As the possibility of a Kamala Harris presidency gains momentum, high-income earners across the United States are increasingly concerned about potential changes to tax policy that could significantly affect their finances. Experts predict that states like California and New York, which already have high state income taxes, could see the most significant financial hits, while even states without income taxes might not escape the impact of federal tax increases. Additionally, a shift in energy policy towards alternative energy sources could pose challenges for states heavily reliant on fossil fuel industries, potentially leading to economic shifts.
