Reinstating ’22 Budget Would Be ‘Catastrophic’ for ‘Green Energy’ Plans: Energy Official

The U.S. Department of Energy (DOE) says a proposal by House Republicans to scale back its budget to fiscal year 2022 funding levels would raise costs for consumers, taxpayers, and industry, while derailing momentum in “re-shoring” domestic manufacturing capacity.
“That would be absolutely catastrophic at this critical moment,” Deputy Energy Secretary David Turk told the Senate Appropriations Committee’s Energy and Water Development Subcommittee during a May 3 budget hearing.
The department is seeking $52 billion for fiscal year 2024, an increase from the $48 billion enacted for fiscal 2023.
“Green energy” incentives offered in 2021’s Bipartisan Infrastructure Law (BIL) and 2022’s Inflation Reduction Act (IRA) are generating increasing investor interest in emerging technologies and revisioned industries, including manufacturing, according to the department,…}