The Importance of Openness in the Energy Transition

The passing of the Inflation Reduction Act by the Biden administration was partly designed to stimulate US clean-tech energy projects and equipment production. In the nine months since its introduction, has the IRA succeeded in increasing domestic renewables production, and what has been the reaction to it outside the US? On today’s show Antoine Vagneur-Jones, BNEF’s head of trade and supply chains, returns to talk to Dana. Together, they discuss a variety of topics, including the potential fracturing of existing supply chains as countries attempt to onshore their clean-tech production, the policies that other nations and trading blocs have introduced in response to the IRA, and the dangers posed to international net-zero targets by these structural shifts.

BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF<GO> on the Bloomberg Terminal, on bnef.com or on the BNEF mobile app. 

Links to research notes from this episode: 

Energy Transition's New Industrial Landscape - https://about.bnef.com/blog/energy-transitions-new-industrial-landscape/

Europe's Bid to Reshore Clean Tech Pulls Its Punches - https://www.bnef.com/insights/31053

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