Senate Dems scramble for alternatives to climate legislation

July 27, 2022

Senate Democrats are searching for creative ways to get climate legislation over the finish line this Congress.

One of those new ideas is year-end tax extenders, often a congressional tradition. The demise of Democrats’ climate bill — and the expiration of key energy credits — has Democrats hoping they can revive some of their clean energy agenda in the lame-duck session.[…]

Indeed, there appears to be some early bipartisan interest in negotiating on energy tax incentives. Such a deal would be far slimmer than the massive $300 billion suite of credits Democrats were discussing for their reconciliation package.

But Democrats are floating the idea of coupling extensions for traditional renewable credits with incentives for nuclear, hydrogen and carbon capture. The GOP has been enthusiastic about those technologies in the past, and Democrats had been discussing a large slate of incentives for them in “Build Back Better” negotiations.

Read more here.

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