After months of uncertainty the United States passed the biggest climate bill in its history, the Inflation Reduction Act (IRA). Coming on the heels of the passage of the Bipartisan Infrastructure Act, and combined with executive action across government agencies, the actions represent a major turning point in US climate action at the federal level.
But what is actually in the IRA, and what comes next for implementation? How does the US approach compare to Canada’s actions on climate and how will Canadian companies and citizens be impacted by these new developments? What should Canada do to prepare for this new world – to both protect our industries and leverage the opportunities that may arise?
On Season 4 Episode 3 of Energy vs Climate, David, Sara, and Ed ‘gang’ up on the U.S. Inflation Reduction Act with Katherine Hamilton, formerly of the Energy Gang podcast and break down the act's impact on energy policy north of the border.
EPISODE NOTES
@1:28 Welcoming Katherine Hamilton, Chair of 38 North Solutions
@2:28 Inflation Reduction Act (IRA)
@3:25 Historic bipartisan deal ahead of IRA
@5:26 Democrats claim to cut CO2 emission by roughly 40% by 2030
@7:23 Tax credits for low- and middle-income communities
@7:29 Supporting a just transition for coal communities
@14:26 Over $20 billion to set up national non-profit green bank
@15:03 Canada’s Infrastructure Bank, Growth Fund, and Canadian Innovation and Investment Agency
@ 30:29 Alberta’s industrial carbon offsets and free allocations
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Energy vs Climate
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