Is This a New Idea?

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Tax credits for people to put roof tops solar on their homes, but also for the company manufacturing side. One thing this bill does is end tax credits by ten years. Without this, we would have seen wind and solar credits actually on the verge of expiring this year. There's also the first national green bank. This is a quasi public private bank that has a social mission, which is to boost clean energy. Now they are expecting a return on their investments.

Probably not, but he did finally compromise on the Inflation Reduction Act (née Build Back Better), which could be the most significant climate spending bill in US history. Vox’s Li Zhou and Rebecca Leber explain.

This episode was produced by Victoria Chamberlin and Hady Mawajdeh, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, and hosted by Sean Rameswaram.

Transcript at vox.com/todayexplained

Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts

Learn more about your ad choices. Visit podcastchoices.com/adchoices