The $374 Billion Estimate for the Inflation Reduction Act

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Under the Inflation Reduction Act, there are incentives for these new age technologies. Form Energy is building a $760 million factory to build a battery made from rust. The process of making it going from iron to rust is a chemical reaction that produces energy.

It’s been eight months since President Biden signed the Inflation Reduction Act into law. And already the hundreds of billions of dollars it contains for clean energy and slowing climate change—alongside private venture capital investments—are funding a wide array of climate technology projects, from decarbonization infrastructure to rust-based battery storage.

Bloomberg climate reporter Eric Roston joins this episode with Akshat Rathi, a senior reporter and host of our sister podcast Zero. It’s a weekly show that explores the tactics and technologies taking us to a world of zero emissions. They talk with Wes about how climate tech is no longer a corner of the economy–it’s fast becoming the economy.

And reporter Zahra Hirji joins to talk about some of the ways the IRA’s spending is starting to show up in our everyday lives.

Read the story: https://bloom.bg/3LpNSpZ

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.