After Pushing to Shut Coal Plants Down, Biden Shells Out Millions for Green Projects in Coal Towns

The Biden administration announced hundreds of millions of dollars to support green energy projects in current and former coal towns Tuesday morning, as the administration continues to push policies that could run some coal plants out of business.

The funding includes $450 million from the Bipartisan Infrastructure Law to develop “clean energy demonstration projects” on current and former mining territory, which the administration projects will generate up to 90 gigawatts (GW) of clean energy, according to a White House fact sheet. Economic incentives in the president’s signature climate law, the Inflation Reduction Act, in concert with stricter environmental regulations could lead to roughly between 50 GW to 80 GW in coal-fired power plants going offline by 2030.

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Commentary: America’s Emerging Energy Crisis

The warning signs are everywhere.  We are stumbling toward an energy crisis that is likely to be far more severe and long-lasting than the upheavals of the 1970s.  And no, this isn’t about Russia or Ukraine. This is about the perilous state of the U.S. electricity grid. 

If action isn’t taken soon to address the unraveling reliability of the grid, the United States will face the specter of rolling blackouts, factory shutdowns, loss of jobs and soaring electricity bills. Our organization CASE recently released a policy brief highlighting just how dire the situation is. 

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