While West Virginia’s Senator Joe Manchin is doing his best to block climate policy and save his state’s dying fossil fuel industry, there is no reason to believe that the proposed “Clean Electricity Program” policy design is the only way to accelerate decarbonization. The problem for many utilities is the capital cost of the infrastructure for decarbonization. The infrastructure and Build Back Better bills still include funding for that. More funding could be provided to subsidize the modernization of electric utilities. Some utilities see no need to decarbonize or are governed by climate deniers, and if they do not want to take advantage of renewable energy subsidies, we can get our initial greenhouse gas reductions from states eager to decarbonize. My view is not shared by most climate policy advocates who consider the Clean Electricity Program essential. New York Times reporter Coral Davenport refers to the clean electricity section of the bill as “the most powerful part of President Biden’s climate agenda.” She observes that:
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Source: Phys.org