Well then, if/when the ‘big beautiful bill’ is approved, the big duck can then print MADA (make america dirty again) sun hats and umbrellas next. The country is withdrawing from its climate responsibilities and starting to destroy its own business in the green sector. At the same time, jobs in ‘disgusting sectors’ are eliminated, more pollution is pushed into the biosphere, and citizens’ energy costs are raised.
A Republican push to dismantle clean energy incentives threatens to reverberate across the US by costing more than 830,000 jobs, raising energy bills for US households and threatening to unleash millions more tonnes of the planet-heating pollution that is causing the climate crisis, experts have warned.
A major tax bill passed by the Republican-held House of Representatives on Thursday morning will, as currently written, demolish key components of climate legislation signed by Joe Biden that has spurred a record torrent of renewable energy and electric vehicle investment in the US.
Under the reconciliation bill, tax credits for cleaner cars will end this year, with incentives for wind, solar and even nuclear energy projects scaled down and then eliminated by 2032. Clean energy manufacturing tax credits will be axed by 2031, while Americans seeking to upgrade their homes to cleaner or more energy efficient appliances will get no further subsidy after the end of this year.
“This bill is worse than what people envisioned – it pulls the rug out from facilities banking on these incentives, it raises everyday household costs by hundreds of dollars and undercuts any sort of action on climate change,” said Robbie Orvis, senior director at Energy Innovation, a non-partisan climate policy thinktank.
“You can’t overstate how significant this will be in weakening the US’s position. With inflation, tariffs and rising electricity use, it really couldn’t come at a worse time. It’s a really damaging bill.”
Europe should now get its act together and take the driver’s seat in this matter too, while the Yanks are voluntarily sawing off their own branch.
Finally, a couple of positive signals from Europe regarding the hydrogen sector: SFC Energy’s and Powercell’s quarterly reports were quite encouraging. SFC is progressing towards a record year, even though Q1 fell short of the comparison period due to a large India delivery in 2024.
https://www.sfc.com/media/SFC_Investor-Presentation-1.pdf
Powercell, in turn, is approaching the break-even point driven by several sectors:
The collaboration with Hitachi is a very interesting addition. Things are going well with Bosch, and I understood between the lines that there might also be cooperation on the electrolysis side. The good development in the marine sector was a surprise even to me, as I haven’t followed it for a while.
