China has taken a commanding lead in manufacturing solar panels, wind turbines, electric vehicles and batteries, and is central to the green energy transition. Now, the US is hoping to catch up, and has spent almost $500 billion from the Inflation Reduction Act to bolster the energy transition and domestic manufacturing. Is it enough to create-long lasting change?
This week on Cleaning Up, host Bryony Worthington sits down with Ethan Zindler, the Climate Counselor to US Treasury Secretary Janet Yellen. Zindler provides a rare insider's perspective on the implementation of the Inflation Reduction Act, the Treasury's new Climate Hub, and the department's evolving role in tackling the economic and financial implications of the climate crisis. The discussion covers the IRA's potential impact, the challenges of communicating its complex tax incentives, and concerns around the legislation's political durability.
Zindler also addresses the tensions between fossil fuel interests and clean energy priorities, as well as the Treasury's efforts to engage with international partners and ensure an equitable clean energy transition. As the US grapples with the growing costs of climate-fueled disasters, this episode offers insights into how a key economic policymaking body is adapting to the climate emergency and the new geopolitics of the green energy transition.
Leadership Circle
Cleaning Up is supported by the Leadership Circle, and its founding members: Actis, EcoPragma Capital, EDP of Portugal, Eurelectric, the Gilardini Foundation, KKR, National Grid, Octopus Energy, Quadrature Climate Foundation and Wärtsilä. For more information on the Leadership Circle, please visit https://www.cleaningup.live
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