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Energy Unplugged by Aurora
EP.208 Allan Marks on the US' role in the Global Energy Transition
Aug 27, 2024
Allan Marks, a leading project finance lawyer with over 30 years in the energy sector and a lecturer at UC Berkeley, joins the discussion alongside Oliver Kerr and George Prassas. They delve into the U.S.'s essential shift towards domestic manufacturing for energy production and its effects on the transition from fossil fuels. The conversation covers the regulatory landscape's complexities, the implications of the upcoming election on energy policy, and the crucial role of tax incentives in boosting renewable investments. They even touch on how AI is reshaping the legal industry.
47:48
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Quick takeaways
- The Inflation Reduction Act has catalyzed the U.S. energy sector's investment landscape, making it a leading hub for clean energy globally.
- Regional diversity in U.S. energy policies necessitates tailored strategies for fostering effective clean energy solutions across different states.
Deep dives
Impact of the Inflation Reduction Act on U.S. Investment
The Inflation Reduction Act (IRA) has significantly boosted both domestic and foreign investments in the U.S. energy sector. It has positioned the U.S. as a major market for clean energy, accounting for approximately 16% of global investments in this area, which is substantial compared to other regions such as China and the EU. Furthermore, the IRA complements other federal laws, like the bipartisan infrastructure law, and various state policies, ultimately creating low barriers for growth in clean energy production, particularly solar and wind. The act's subsequent policies have encouraged an influx of investments across a range of states, especially California and the Northeast, as they expand their energy production capabilities.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode