Energy & Environment — GOP proposal targets green energy tax credits

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View Online Energy & Environment Energy & Environment The Big Story  GOP bill to raise debt ceiling would axe green tax credits A number of renewable energy tax credits are targeted in the proposal released by House Speaker Kevin McCarthy (R-Calif.) to increase the federal debt limit. © Annabelle Gordon, The Hill McCarthy said on the House floor that the GOP legislation, which would increase the debt ceiling by about $1.5 trillion, would "end the green giveaways that distort the market and waste taxpayers' money."   In addition to repealing green tax credits, including some included in the Inflation Reduction Act, the measure incorporates the Republican H.R. 1 energy bill, an industry-friendly package that the GOP has cast as vital to reducing energy costs.   President Biden and Democratic leaders in Congress have called for a "clean" increase of the limit, though Republicans see the debt limit bill as a way to push the president to the negotiating table, The Hill's Emily Brooks and Aris Folley reported.   Read more on the GOP's latest efforts at TheHill.com. Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. Did someone forward you this newsletter? Subscribe here. Essential Reads  How policy will affect the energy and environment sectors now and in the future: Almost 120M Americans exposed to air pollution that can shorten lives: research More than a third of Americans are exposed to potentially life-shortening air pollution, according to the American Lung Association's (ALA) 2023 State of the Air report.  Full Story Environmental advocates warn against using PVC in drinking water pipes A coalition of environmental organizations warned in a report Wednesday of potential health risks in replacing lead pipes with polyvinyl chloride (PVC).  Full Story World's first carbon import tax gets green light The European Parliament on Tuesday approved the world's first "carbon tax" for imported goods, imposing tariffs based on the amount of emissions generated in their production.  Full Story In Other News  Branch out with a different read from The Hill: Western tribes face challenges capitalizing on water rights: study Indigenous groups in the U.S. West are facing difficulties transforming water that belongs to them on paper into water they can actually use, a new study has found. Tribal nations are likely using … Full Story What We're Reading  News we've flagged from other outlets touching on energy issues, the environment and other topics: Brazil Battles for Amazon Tribe Known as Guardian of the Rainforest (The Wall Street Journal)   Here's what will happen if Colorado River system doesn't recover from 'historic drought' (ABC News) EU lawmakers back ban on goods linked to deforestation (Reuters) Sewage often becomes fertilizer, but the issue is it's tainted with PFAS (NPR) On Tap  Upcoming news themes and events we're watching: The Senate Energy Committee will hold a hearing Thursday to examine the president's proposed budget request for fiscal year 2024 for the Department of Energy. What Others are Reading  Two key stories on The Hill right now: Marjorie Taylor Greene silenced in committee after accusing Mayorkas of lying Democrats twice sought to strike remarks from Rep. Marjorie Taylor Greene (R-Ga.) during a Tuesday hearing, with the House Homeland Security Committee failing to reprimand her for accusing a colleague of an extramarital affair while agreeing to withdraw her comments accusing Homeland Security Secretary Alejandro Mayorkas of being a liar. Read more Judge denies Bragg's bid to block House GOP's subpoena of Mark Pomerantz in NY Trump case A federal judge on Wednesday ruled that Mark Pomerantz, who was previously involved in the Manhattan district attorney's criminal investigation of former President Trump, must face a House Judiciary Committee subpoena. Read more Opinions in The Hill  Op-eds related to energy & environment submitted to The Hill: Litigation threatens to upend Biden's strategy to tackle the wildfire crisis Permitting reform can cut consumer energy costs and emissions   You're all caught up. See you tomorrow!  Check out The Hill's Energy & Environment page for the latest coverage. Like this newsletter? Take a moment to view our other topical products here 📩 Privacy Policy  |  Manage Subscriptions  |  Unsubscribe  1625 K Street NW, 9th Floor, Washington, DC 20006 Copyright © 1998 - 2023 Nexstar Media Inc. | All Rights Reserved.

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