Biden’s Biggest Idea on Climate Change Is Remarkably Cheap
It’s one of the most cost-effective climate policies the U.S. has ever considered, according to a new analysis.
Over the past year, my climate reporting has had a few preoccupations. They include:
- Whether President Joe Biden will succeed in passing a major climate bill;
- The degree to which climate change is already a profound concern to the economy, and indeed whether the climate problem is more about “money” than “science”; and
- Carbon taxes.
Now, I have an occasion to bring all three together! A new analysis from researchers at the University of Chicago and the Rhodium Group, an energy-research firm, finds that one of President Joe Biden’s marquee energy proposals—the one of the most likely to make it through Congress—has a good chance of working.
Biden’s clean-energy tax credits—a set of incentives that would push the United States to
