President Joe Biden’s 2024 reelection pitch “Bidenomics,” which includes Inflation Reduction Act incentives for more domestic manufacturing, is falling flat with American voters. But leaders across the world can’t get enough of it. POLITICO’s Zack Colman breaks down why Bidenomics is working abroad despite flailing at home and why that matters for the climate. Plus, the United Kingdom will impose a tax on imports with large carbon footprints.

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Catherine Morehouse is an energy reporter for POLITICO and the host of the POLITICO Energy podcast.

Zack Colman covers climate change for POLITICO.

Nirmal Mulaikal is a POLITICO audio host-producer.

Kara Tabor is an audio producer for POLITICO.

Gloria Gonzalez is the deputy energy editor for POLITICO.

Matt Daily is the energy editor for POLITICO.

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Why Bidenomics is working better abroad than at home