Christian Science Monitor: "Republicans say they want energy dominance. But will ‘big bill’ deliver?"

by Stephanie Hanes

So is stability, says Columbia Business School economist Gernot Wagner. Eliminating tax credits that were promised for a decade undermines business planning – and undermines further innovation.

“If you’re a business, the last thing you want is policy uncertainty,” says Dr. Wagner. The House’s reconciliation bill, he says, seems to have “very little to do with reviving U.S. manufacturing. If anything, it seems the opposite.”

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The trend is clear. So are the challenges. One key task is to de-risk capital investments to lower costs. This is where public climate finance must play its most critical role – not as charity, but as leverage.

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