Climate Changed
GOP's ‘Cruel and Unusual’ Tax Plan Cuts Wind Forecast in Half
- Wind industry would add 19 gigawatts under plan, BNEF says
- Republican Senator Grassley supports wind tax credit
Photographer: Andrew Harrer/Bloomberg
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House Republicans’ proposed tax-reform plan would slice wind development in half, according to a forecast Friday by Bloomberg New Energy Finance.
The London-based research group had expected the U.S. to add 38 gigawatts of new wind power through 2020. Based on the proposal released Thursday, that figure would fall to 19 gigawatts because it slashes a key federal subsidy.