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News in English (USA) / 22.05.2025 / 17:00

Concerns Rise as GOP Tax Bill Threatens Clean Energy Sector and Jobs

A recent wave of financial turmoil hit solar stocks after the advancement of a Republican tax bill, which analysts warn could significantly harm the clean energy sector. Major companies such as SunRun, First Solar, and Enphase witnessed substantial stock declines, with some shares plummeting by nearly 40%. Critics highlight that the proposed cuts to the Inflation Reduction Act (IRA) could lead to the loss of up to 400,000 jobs and jeopardize numerous tax credits essential for renewable energy initiatives. Experts warn that if the bill passes the Senate, it could eliminate thousands of jobs, particularly in the solar industry, and undermine ongoing efforts to transition towards clean energy solutions. The landscape is further complicated by aggressive lobbying from the nuclear industry as they strive to protect existing tax incentives while Republicans celebrate the potential rollback of provisions benefiting not just blue states but green energy advancements nationwide.
CNBC, CNN, The Economist, Politico, Bloomberg, AJC.com, NJ.com, The Guardian, Reuters, politico.eu