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Significant Energy Legislation Poised to Become Law with COVID-19 Relief
USA
December 23 2020
The Consolidated Appropriations Act, 2021 (Act), which passed both chambers of Congress on December 21, 2020, for the purpose of funding the government in fiscal year (FY) 2021 and providing COVID-19 relief, also included the most comprehensive bipartisan energy and climate legislation of the past decade. If signed into law, the legislation authorizes over $35 billion for the development of various clean energy technologies, including wind, solar, energy storage, energy efficiency, carbon capture utilization and storage (CCUS), carbon removal, and nuclear energy, primarily through programs run through the U.S. Department of Energy (DOE), and authorizes additional monies to be allocated to emissions-reducing projects through the DOE’s Title XVII loan guarantee program. It also extends and in some cases expands a number of energy tax incentives that support investments in renewable and cl
In Washington, a huge year-end spending package passed Congress yesterday. The $1.4 trillion spending package includes appropriation for Fiscal Year 2021, the COVID stimulus package, extensions of popular tax credits that otherwise expired on December 31st, and the Energy Act of 2020, a $35B version of a larger energy bill that has been drifting around in Congress since 2016.
At the White House, the President criticized the bill for wasteful provisions and for insufficient COVID stimulus and called on Congress to amend the legislation, but stopped short of a veto threat. Without the President’s signature, the government shuts down at midnight tonight.
As Fuels America noted, “the new omnibus appropriations and COVID-19 relief package extends key tax provisions for low-carbon biofuels and explicitly authorizes the USDA to deliver on long-awaited aid for biofuel producers.” One Hill observer added, “The bill is a classic end-of-year compromise: everybody got something, and