The passage of the Inflation Reduction Act last year marked not only significant climate action but efforts to shape industrial policy. Through billions of dollars of subsidies, the IRA aimed to quicken the pace and scale of the energy transition and also bolster domestic manufacturing and the economy. While providing an infusion of capital to America’s clean energy economy, the legislation heightened trade tensions around the world, with other countries vying to capture their share of clean energy supply chains.
How does this green industrial strategy fit within the Biden Administration’s climate and economic goals? What potential impacts could policy have on the trade risks to the energy transition? And how might the energy transition affect the economy or economic inequities in American society?
This week for our second and final holiday rerun, we’re featuring host Jason Bordoff’s interview with Heather Boushey about the Biden Administration’s climate and economic policies and the case for green spending.
Heather is a member of the Council of Economic Advisors for the Biden administration and chief economist to the Biden administration’s “Invest in America” cabinet. Heather works on domestic investment and implementation of infrastructure and clean energy laws. She previously co-founded the Washington Center for Equitable Growth, where she served as chief economist, president and CEO. She has also held the position of chief economist for the Center for American Progress.
