"Democrats Divided Over Permitting Reform’s Climate Math"

"Sen. Martin Heinrich (D-N.M.) says a bipartisan energy bill would be a huge win for the climate; Sen. Bernie Sanders (I-Vt.) says it would be a disaster.

The Democratic caucus is divided over whether to support legislation that seeks to speed up the nation’s energy build-out — largely based on disagreements about what its actual climate impacts would be.

Emissions analysts tell The Hill there’s good reason for the conundrum: It’s fairly unclear what the bill would mean for the climate due to political and economic uncertainties in the years ahead.

“It truly is hard to arrive at a top line for this, because it depends on assumptions about what the market is going to do,” said Derrick Flakoll, U.S. policy analyst at research firm BloombergNEF."

Rachel Frazin reports for The Hill August 20, 2024.

Source: The Hill, 08/21/2024