Alex Epstein

@AlexEpstein ↗

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Last Checked Sept. 28, 2022

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Wed Sep 21 17:50:51 +0000 2022

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Alex Epstein @AlexEpstein

The IRA pretends to be pro-nuclear by adding nuclear to its subsidized forms of energy. But since nuclear overregulation makes new plants cost-prohibitive, the IRA’s endless "clean energy" subsidies = endless solar/wind subsidies = more defunding and shutting down reliable power. — PolitiTweet.org

Posted Sept. 21, 2022

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Alex Epstein @AlexEpstein

The "ITC" and "PTC" solar/wind subsidies pay utilities to shut down or slow down reliable gas and coal plants whenever the sun shines or the wind blows. This *defunds* reliable plants, causing many to be shut down. The IRA extends these ruinous subsidies *indefinitely*. — PolitiTweet.org

Posted Sept. 21, 2022

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Alex Epstein @AlexEpstein

Here’s how massive the IRA’s solar/wind subsidies are. They will pay up to 2/3 of the cost of wind turbines—the equivalent of paying $60-70K for a $100K EV! They also further subsidize solar/wind by paying 50%+ of hydrogen from solar/wind that’s nowhere near competitive. — PolitiTweet.org

Posted Sept. 21, 2022