Energy Unplugged by Aurora EP.217 Ethan Zindler, Climate Counselor, U.S. Department of the Treasury
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Oct 29, 2024 Ethan Zindler, Climate Counselor at the U.S. Department of the Treasury, dives deep into the future of the U.S. energy transition. He discusses the transformative effects of the Inflation Reduction Act and its electoral implications. Zindler also explores the complexities surrounding net zero financing and the importance of ESG principles. With wit, he rates hot-button topics like nuclear energy's resurgence and humorous links between sports challenges and climate progress. Expect insights on Just Energy Transition Partnerships and their significance in emerging economies!
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Treasury's Role in Climate Policy
- The U.S. Treasury plays a key role in energy and climate policy by writing tax code regulations.
- Ethan Zindler leads the Treasury's Climate Hub, coordinating efforts, advising Secretary Yellen, and communicating climate-related activities.
IRA's Impact and Treasury's Role
- The Inflation Reduction Act (IRA) is the most significant U.S. climate legislation ever, impacting clean energy growth and manufacturing.
- The Treasury has issued extensive guidance on the IRA's 20 clean energy credit provisions and related aspects like community investment bonuses.
Democratizing Clean Energy Investment
- Transferability of clean energy tax credits has significantly increased investment, democratizing access to a wider range of players.
- Lowering the cost of capital for clean energy projects is crucial, and transferability has successfully expanded the pool of investors.