Stephen Munro, an analyst for Bloomberg New Energy Finance, discusses how the GOP tax plan could impact investment in solar, wind, and other clean energy alternatives going forward. He speaks with Bloomberg’s Peter Barnes on Bloomberg Radio’s “Politics, Policy, Power and Law.”
At least a dozen provisions in the final tax bill released Friday night by US House and Senate negotiators will affect transactions in the power and broader infrastructure markets.
The electricity sector’s competitive dynamic completely flipped in 2017. It is now cheaper to build new wind and solar than new coal or often natural gas. In growing swaths of the country, it’s often cheaper to build new wind (and sometimes solar) than continuing to run existing coal plants. The implications are profound.
PRESIDENT TRUMP has what might seem like an irresistible opportunity for a populist climate-change denier: to crack down on imports and harm the effort to combat climate change all at once. Yet even the briefest of looks shows that slapping tariffs on imported solar cells, as he has been urged to do, would harm far more Americans than it could possibly help.
The US International Trade Commission published on Tuesday recommendations for import tariffs on solar PV cells and modules as part of the Section 201 trade case which has been in motion much of this year, and though any tariffs are harmful, the proposals were not as bad as many within the solar industry were fearing.