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Politics

An elephant and clean energy.
Politics

How a House GOP Proposal Would Essentially Gut the IRA’s Biggest Tax Credits

It’s not early phase-out. These 3 changes could overhaul the law’s clean electricity supports.

Politics

The Most At-Risk Projects of the Energy Transition

These are the 10 most important clean energy transition projects struggling to get off the ground

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Electric Vehicles

Congress Could Break Tesla’s Revenue Model

Between the budget reconciliation process and an impending vote to end California’s electric vehicle standards, a lot of the EV maker’s revenue stands to go poof.

Climate

AM Briefing: Biggest Blows Yet to the IRA

On gutting energy grants, the Inflation Reduction Act’s last legs, and dishwashers

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The Capitol.

Shift Key Special Edition: The Fight Over the Inflation Reduction Act Has Arrived

Rob and Jesse digest the Ways and Means budget bill live on air, alongside former Treasury advisor Luke Bassett.

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Clean energy.

The House GOP Tax Proposal Would Effectively Kill The IRA

The Ways and Means Committee released its proposed budget language, and it’s not pretty for clean energy.

Politics

House Republicans Plan Big Cuts to the IRA’s Clean Energy Grants

The Energy and Commerce Committee dropped its budget proposal Sunday night.

The Capitol.
<p>Heatmap Illustration/Getty Images</p>

Republicans on the House Committee on Energy and Commerce unveiled their draft budget proposal Sunday night, which features widespread cuts to the Inflation Reduction Act and other clean energy and environment programs.

The legislative language is part of the House’s reconciliation package, an emerging tax and spending bill that will seek to extend much of the 2017 Tax Cuts and Jobs Act, with reduced spending on the IRA and Medicaid helping to balance the budgetary scales.

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Climate

AM Briefing: U.S., China Agree to Lower Tariffs

On a deal with Beijing, CATL, and the ‘energy emergency’

U.S., China Agree to Lower Tariffs
<p>Heatmap Illustration/Getty Images</p>

Current conditions: The high will be 88 degrees Fahrenheit in the Twin Cities today after Minneapolis-Saint Paul hit 90 on Sunday, breaking the 125-year daily recordLocalized flooding is expected in the Florida Panhandle due to a slow-moving atmospheric river • A heatwave in North Africa will bring temperatures to 113 degrees today across parts of Mali.

THE TOP FIVE

1. Treasury shares details of trade deal with China

China and the United States have agreed to temporarily lower tariffs on each other’s imports by 115% for 90 days, the countries announced in a joint statement on Monday morning. The deal follows a weekend of trade negotiations in Geneva with Treasury Secretary Scott Bessent, U.S. Trade Representative Ambassador Jamieson Greer, and their Chinese counterparts. The White House had issued a statement from Bessent on Sunday night that teased “substantial progress” between the two nations to address the trade war.

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