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Hurricane Helene charges toward Florida's Gulf Coast, expected to strike late today as a dangerous storm; Millions of Illinois' convenient voting method gains popularity; House task force holds first hearing today to investigate near assassination of Donald Trump in Pennsylvania; New report finds Muslim students in New York face high levels of discrimination in school.

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Biden says all-out-war is threatening in the Middle East, as tensions rise. Congress averts a government shutdown, sending stopgap funding to the president's desk and an election expert calls Georgia's latest election rule a really bad idea.

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The presidential election is imminent and young rural voters say they still feel ignored, it's leaf peeping season in New England but some fear climate change could mute fall colors, and Minnesota's mental health advocates want more options for troubled youth.

How Texas Could Benefit from the Inflation Reduction Act

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Tuesday, November 15, 2022   

The U.S. is moving toward net-zero emissions energy goals under the Inflation Reduction Act, but an independent research group believes some regions already heavily dependent on fossil fuels, including Texas, appear to be ineligible for a new tax credit.

Resources for the Future's Daniel Raimi says to mitigate the impacts of a clean-energy transition, the bill offers tax credits for projects sited in so-called "Energy Communities" - those reliant on energy production for jobs or their economy. Right now, he says the definition applies to places in the Northwest that don't necessarily need the help - and excludes areas in some states that do.

"If the goal of the policy is to directly channel additional investment to the places where fossil fuels are the most important for local economic activity," Raimi outlined, "Then this law does not do that very precisely."

Raimi says as the legislation is written, Texas would need to compete for investment with places that extend far beyond where fossil fuel production takes place.

Resources for the Future Analyst Sophie Pesek says the current bill's language defines "Energy Communities" as those with significant unemployment - which could exclude large portions of Texas.

"Just based on our analysis, a lot of Texas has pretty low unemployment rates compared to the national average," Pesek reported. "Areas get filtered out because of that conditional definition."

Texas leads the country in energy production, an expertise Raimi believes could benefit the nation as a whole, if the state's talent and know-how in the energy sector is put to good use. At the same time, he acknowledged a successful energy transition will require a variety of tools.

"Those parts of Texas and other parts of the country that are heavily dependent on fossil fuels, are going to need to additional economic development tools to increase the resilience of their economy," Raimi pointed out. "Clean energy can help in that journey, but it's not going to be a silver bullet."


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