by Kelsey Tamborrino (Politico's Morning Energy) Congressional negotiators are expected to unveil the legislative text of a $1.4 trillion omnibus deal today that would boost federal agency budgets through next September and thwart a shutdown at week's end, POLITICO's Caitlin Emma and Sarah Ferris report.
Perfect timing: Negotiators have also reached agreement on a compromise energy package that would boost a host of technologies, including energy storage, advanced nuclear power and direct air carbon capture, according to draft text obtained by POLITICO and three lobbyists tracking the bill. Lawmakers hope to attach the measure to the government funding bill, Pro's Anthony Adragna, Eric Wolff and Ben Lefebvre report. If enacted, it would be the first significant energy legislation in years.
...
The legislation pulls from a Senate energy package, S. 2657 (116), assembled by Sens. Lisa Murkowski (R-Alaska) and Joe Manchin (D-W.Va.), leaders of the Energy Committee, and a House-passed measure, H.R. 4447 (116).
What's inside: The wide-ranging bill would offer money for manufacturing energy efficiency technology, research into extracting critical minerals from coal waste and developing carbon capture technology. It would also require the government to help establish a large-scale demonstration project to pull carbon dioxide directly from the air — including cash payments for successfully doing so — and form a task force to help develop technology that could capture emissions from industrial activities.
The legislation also benefits a host of energy efficiency programs, including ones aimed at schools, federal buildings and data centers, and it directs the Interior Department to report on how critical mineral supply — both at home and as part of China's Belt and Road trade program — is affecting the U.S. military. It does not, however, include any emissions reduction mandates. READ MORE
Exclusive: Congress reaches compromise on clean energy deal to be attached to government funding bill (Washington Examiner)
MEMO URGES BIDEN TO INCLUDE GAS IN 2035 TARGET: (Politico's Morning Energy)
Excerpt from Washington Examiner: But the package is opposed by liberal environmental groups, which have urged Democratic leadership not to work with Republicans in favor of waiting until next year under a Biden administration, when the playing field could be more favorable to advance more aggressive climate policies.
Liberals are especially opposed to providing support for nuclear energy and carbon capture technologies for fossil fuel plants. READ MORE
Excerpt from Politico's Morning Energy: MEMO URGES BIDEN TO INCLUDE GAS IN 2035 TARGET:The incoming Biden administration and lawmakers on the Hill should both regulate methane reductions and increase incentives for carbon capture so that natural gas can continue to play a role in long-term decarbonization, argues a memo released this morning by the left-of-center Progressive Policy Institute. To achieve Biden's net-zero electricity emissions goal by 2035, the report says, the U.S. should use natural gas as a backstop for the rapid deployment of renewable energy on the grid. Federal policy should also encourage the natural gas sector to make consistent progress toward zero-carbon emissions, which will require heavy investments in CCS and the enforcement of ambitious goals for reducing methane emissions.
"Biden needs to create an economic path for natural gas that also helps his emissions goals," Paul Bledsoe, a strategic adviser at PPI and former Clinton White House aide, said in an email to ME. "Methane regs and CCS can get him there." READ MORE
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