By Maxine Joselow

Good morning and welcome to The Climate 202! Today we’re laughing about comparisons between Olympic sports and sources of clean power.

Related: Biden’s clean energy tax credits are the cheapest climate solution yet

The clean energy tax credits in the Build Back Better bill could be one of the most cost-effective climate policies in U.S. history, according to a new analysis by researchers at the University of Chicago and the Rhodium Group, an energy research firm, Robinson Meyer of the Atlantic reports.

If enacted, researchers said the credits would cost the public only $33 to $50 to prevent one ton of carbon dioxide from entering the atmosphere — compared with most of the federal government’s existing climate policies, which costs hundreds or even thousands of dollars per ton.

The researchers also found that the credits’ benefits would be three to four times as large as their costs, creating an estimated $1.5 trillion in economic surplus while eliminating more than 5 billion tons of planet-warming carbon pollution through 2050.

Continue Reading at Washington Post…

Areas of Focus: Assessing the Costs and Benefits of Clean Electricity Tax Credits
Definition
Assessing the Costs and Benefits of Clean Electricity Tax Credits
EPIC and Rhodium Group measure the costs and benefits of clean energy tax incentives and find the benefits are about four times greater than the costs and would lead to...
Climate Change
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Climate Change
Climate change is an urgent global challenge. EPIC research is helping to assess its impacts, quantify its costs, and identify an efficient set of policies to reduce emissions and adapt...
Climate Law & Policy
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Climate Law & Policy
As countries around the world implement policies to confront climate change, EPIC research is calculating which policies will have the most impact for the least cost.
Energy Markets
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Energy Markets
Well-functioning markets are essential for providing access to reliable, affordable energy. EPIC research is uncovering the policies, prices and information needed to help energy markets work efficiently.
Renewable Energy
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Renewable Energy
Lower technology costs and supportive public policies are driving an increase in renewable energy in markets around the world. EPIC research is assessing the costs, benefits, and efficiency of policies...