Groups Underscore Economic Claims In Push To Defend IRA, EPA Rules

Two energy modeling firms are circulating new analyses warning that possible repeal of Inflation Reduction Act (IRA) clean energy tax credits could increase energy costs for consumers as well as industry, with damaging economic effects that build on estimated harms of scrapping Biden EPA regulations. The appraisals from Rhodium Group and Energy Innovation highlight broader efforts by defenders of the IRA credits to influence ongoing Capitol Hill discussions about budget “reconciliation” legislation that could scrap an array of the incentives,...