Today on Volts: Manchin has killed the Clean Electricity Performance Program (CEPP), the centerpiece of Democratic climate policy. Is Biden's 2030 target still within reach? I take a close look at several recent analyses to help determine the damage done. volts.wtf/p/can-the-us-r…
My post today features analyses from @EnergyInnovLLC, @rff, & @rhodium_group. One thing they all basically agree on is that losing the CEPP is a big blow, the but the BBB Act, even without it, is still the biggest climate bill in US history.
It was too late to get in my post, but a new Princeton rapid-modeling project, REPEAT, *also* analyses the infrastructure bills with & without the CEPP. Its conclusions are roughly similar: losing CEPP whacks about 25% of the emission reductions. repeatproject.org
This is important: "Passage of the Senate bipartisan Infrastructure Bill on its own would barely impact U.S. emissions this decade."
As I keep saying, the BIF was designed to do all the climate stuff *except* what's most needed.
As I keep saying, the BIF was designed to do all the climate stuff *except* what's most needed.
One other note: the @rhodium_group analysis, from which all optimism is drawn, compensates for the loss of CEPP with *ludicrously* strong executive agency actions (ie, ban on new FF plants w/out CCS starting in 3 mos). Count me extremely skeptical about those.
Adding: if Biden is forced to rely on executive actions, he faces two dangers: a) a hyper-conservative Supreme Court that is eager to gut executive powers in a permanent structural way, & b) the next GOP admin., which will roll it all back.
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