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New polling from the Rainey Center illustrates that voters support keeping domestic energy tax credits or limiting them to only US companies rather than eliminating them. Voters, including Republicans, oppose fully repealing domestic manufacturing credits. This unity underscores the shared commitment to policies prioritizing American manufacturing and economic security.

A recent study revealed that Bitcoin — just a single cryptocurrency — consumes nearly 175 terawatt hours per year. To put that into perspective, it’s roughly the same amount of energy the nation of Ireland consumes in a year. Whether it’s for your private wallet or a national reserve, transactions done on public blockchains, like Bitcoin, have to be mined. Mining is so energy intensive, any serious attempt at establishing a crypto reserve necessarily demands a strategy to exponentially increase energy consumption.

Starting this year, two new tech neutral tax credits, sections 48E and 45Y, will go into effect as part of the Inflation Reduction Act (IRA). There’s one surprising fact about clean energy and climate policy- many changes create significantly positive impacts in red states. Places such as Texas, North Dakota, and Wyoming are benefiting from the clean energy boom through a set of tax credits that reward innovation.