3min chapter

Spill cover image

Devil in the IRA details

Spill

CHAPTER

Is the Climate Bill a Signal to the Rest of the World?

Yam: The fact that we've passed the climate bill signals to the rest of the world that the united states is taking is sability on climate seriously, and therefore the us. Can go to the next big u.N. Conference in december with his head held high. But he says there are also things in it that are a signal internationally, and in some less good ways. Yam: We don't know what people are actually going to do with these things that are laid out yet. And i find it hard to understand how people can say that with such conviction, given how many variable sthere are really baked in dam.

00:00
Speaker 2
Yes, ye. You k also heard that the bill, you know, just the fact that we've passed the climate bill signals to the rest of the world that the united states is taking is sability on climate seriously, and therefore the us. Can go to the next big u. N. Conference in december in egypt with his head held high and have some negotiating power, right? That's
Speaker 1
right? It's, it's a big, it's, it's not just that, it's also a sign to the rest of thei you know, the united states a inaction on climate for so long was a huge signal to the rest of the world that they didn't have to act either. And i think, you know, in this case, the fact that the us. Is finally acting is an indication that, you know, other countries won't be able to kind of, avoid it for, for that much longer either. A, however, i think there are also things in it that are a signal internationally, and in some less good ways.
Speaker 2
So it
Speaker 1
kind of, honestly, i think a lot of, a lot of what people need to keep in mind about this bill is it, like, at the end of the day, it's sort of like an appropriations and spending bill. And therefore, and, you know, there's some a shifts to permiting and leases and things like that, but a lot of these things are just sort of setting the groundwork for for other things to happen. And we don't know what those other things will be. So, like, we don't know if the fossil field industry will grab up a whole bunch of offshore leases or not. And even if they do, we don't know if they will actually drill, all right? Because they've been sitting on like, stock piles of leases for a really long time. We don't know how much they'll drill. A similarly, we don't know if there's a bunch of offshore wind developers that are going to grab upbut, you know, we don't know what people are actually going to do with these things that are laid out yet. I think, honestly, i feel like a lot of the, a lot of the press has been like, this will deliver a forty %, you know, reduction in omissions by 20 30. And i find it hard to understand how people can be, like, can say that with such conviction, given how many variable sthere are really baked in dam you know, yes,
Speaker 2
yes, i want to get into some of some of those greay areas, yam, so which which one is the one that youare most concerned about?

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