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Energy

Money and clean energy.
Energy

If Wind and Solar Are So Cheap, Why Do They Need Tax Credits?

Removing the subsidies would be bad enough, but the chaos it would cause in the market is way worse.

Ideas

The GOP Megabill Is Playing Right Into China’s Hands

Two former Department of Energy staffers argue from experience that severe foreign entity restrictions aren’t the way to reshore America’s clean energy supply chain.

Politics

AM Briefing: Let the Vote-a-Rama Begin

On taxing renewables, climate finance, and Europe’s heat wave

Yellow
Politics

How the Senate GOP’s New Tax on Renewables Could ‘Kill’ the Industry

As bad as previous drafts of the reconciliation bill have been, this one is worse.

Green
Solar panels and wind turbines.

On Top of Everything Else, Trump’s Tax Bill Would Break Direct Pay

A little-noticed provision would make the payment option used by tax-exempt groups all but impossible to claim.

Blue
Economy

AM Briefing: China Relents on Rare Earths

On resuming rare earth shipments, hurricane tracking, and EV tax credits

The U.S. and China Have Reached a Trade Deal
<p>Heatmap Illustration/Getty Images</p>

Current conditions: The Ohio Valley is still sweltering through the last remnants of this week’s brutal heat wave • The death toll from recent floods in South Africa has risen to 101 • It’s 90 degrees in Venice, Italy, where the world’s rich and famous are gathering for the wedding of Jeff Bezos and Lauren Sanchez.

THE TOP FIVE

1. U.S. and China finalize trade deal

The U.S. and China have hammered out the details of a trade deal, including an agreement that China will resume rare earth shipments to the U.S. Rare earth materials are essential for everything from planes to EVs to wind turbines. China controls most of the world’s rare earth production and halted exports in April in response to President Trump’s tariff hike, and China’s chokehold on rare earths threatened to derail trade talks between the two countries altogether. Commerce Secretary Howard Lutnick said a deal has now been “signed and sealed.” “They’re going to deliver rare earths to us,” Lutnick said, adding that the U.S. will then “take down our countermeasures.” Lutnick also indicated that Trump plans to announce further trade deals with other nations in the coming two weeks.

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Energy

The IRA’s Home Energy Efficiency Programs Are Still Kicking ... Sort Of

Congress has left well enough alone, but that doesn’t mean funds are necessarily flowing.

Houses.
<p>Heatmap Illustration/Getty Images</p>

The Trump administration and Republicans in Congress have done a pretty good job working in tandem to tear down American climate policy. But one key set of clean energy programs has remained relatively unscathed.

The Inflation Reduction Act’s two home energy efficiency rebate programs — one for carbon-cutting appliances and one for whole-home efficiency upgrades — have not been targeted for agency termination or Congressional repeal, or at least not to date.

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