Biden Trump Proofs His Climate Legacy And Lowers Your Electric Bill By 10%

One of Biden's final major acts of his presidency involves a new energy tax credit that is written to be Trump proof and will lower electricity bills by 10%

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Biden Leaves A Legacy On Climate That Trump Can’t Touch

Joe Biden has been quite the busy president in the final weeks of his term. From coordinating the response to a domestic terror attack in New Orleans to dealing with historic wildfires in California, the job of the President has been relentless, but that doesn’t mean that Biden has taken his eyes off of the future.

One of the most important parts of Joe Biden’s climate legacy as president was reported on by Semafor:

The Biden administration took what is likely to be one of its last actions on climate, detailing a new clean energy tax credit designed to survive scrutiny by Republicans and President-elect Donald Trump.

The credit follows a basic formula that has applied to wind and solar projects for more than a decade, and extends it to a wider range of low-carbon energy sources, including geothermal, nuclear, advanced batteries, and some kinds of biofuels. It could pay out more than $250 billion over the next decade, and cause emissions from the US power sector to fall up to 73% below 2022 levels by 2035, which would make it arguably the single most impactful element of Biden’s climate agenda. Independent analyses have also shown the tax credit will reduce household electricity costs by up to 10%.

As has become the norm toward the end of Biden’s term, the administration has come up with a novel way to Trump proof the tax credits.