Money should be going into absolutely the direct air capture type projects. But then there's this category of both projects that do get funding, that you can take c o two from industrial processes and use it for enhanced oil recovery. That's just a way of pumping more oil and getting credit for it. How will the funding drive more research and development in consumer tech like heat pumps and electric water heaters? Maybe.
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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