Inflation reduction act provides some certainty to investors. Tax incentives for the private sector, for companies that are building and stalling clean energy technologies. Some really significant changes in those tax investments. And then all of that has a significant underpenning of a focus on jobs, on domestic manufacturing and on justice.
In August, President Biden signed the Inflation Reduction Act into law. The IRA allocates around $370 billion over ten years to invest in renewable energy, make EVs more affordable, address climate inequities, reduce greenhouse gas emissions and help mitigate the climate crisis.
But like any law, the way the money is doled out matters, and the law’s implementation will ultimately determine its success. Some of the IRA money moves through state governments, including some that are outright hostile to the law. Consumers will have access to a suite of rebates and credits designed to electrify their lives, if they can get the necessary support to take advantage of them. How can government agencies, companies, investors and individuals take the law from words on a page to real functioning programs?
Guests:
Carla Frisch, Principal Deputy Director, Office of Policy for the U.S. Department of Energy
Ryan Panchadsaram, Advisor to the Chairman at Kleiner Perkins
Erwin Chemerinsky, Dean, Berkeley Law
Dan Bowerson, Senior Director, Energy & Environment, Alliance for Automotive Innovation
For show notes and related links, visit ClimateOne.org
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