The new elements of the inflation reduction act include almost an additional forty billion in loan authority for innovative technologies. It eliminates a cap on advanced vehicle manufacturing loans, so we can do more in that area. And it includes a brand new programme which focusis on reinvesting in clean energy in communities that already have existing or retired fossil fuel interstructure. So really with that focus on communities and how can we help them get to the future that they want, right?
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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