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But with title Clean Energy Sector Debates Impact of GOP Efforts to Repeal IRA Tax Credits


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But with title Clean Energy Sector Debates Impact of GOP Efforts to Repeal IRA Tax Credits

Business

Category: Business News

Republican attacks on the Inflation Reduction Act’s clean energy tax credits may be negatively impacting the sector, some industry players and experts say. 

They say the GOP’s efforts to eliminate the subsides risks creating uncertainty for investments — especially with potential financial backers nervously looking ahead to next year’s elections.

“It definitely creates uncertainty in the market and is bad for both Democratic and Republican jurisdictions around the U.S.,” said Christopher Knittel, a professor of applied economics at MIT.

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Source: The Hill