America’s historic climate law, one year on

23 snips

Aug 15, 2023

The Inflation Reduction Act is reshaping the energy and automotive industries in the US with over $70 billion in new investments. Debates and uncertainties around implementation, subsidies, and supply chains still persist. The impact of the IRA on clean energy development across the states is discussed. The potential benefits and challenges of receiving tax credits for clean energy projects are explored. Foreign direct investment in the clean energy ecosystem is analyzed. The potential emergence of a carbon capture market in heavy industries is explored. Shifting the conversation around fighting climate change highlights the importance of lowering energy bills and improving lives.

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Introduction

00:00 • 2min

The One-Year Anniversary of the IRA: Reshaping Energy and Automotive Industries in the US

01:43 • 3min

Impact of the Inflation Reduction Act on Clean Energy Economy

04:39 • 14min

Opportunities and Challenges for Power Plant Developers to Receive Tax Credits

18:31 • 3min

Foreign Direct Investment in the Clean Energy Ecosystem

21:38 • 18min

Carbon Capture Market and Industrial Decarbonization

40:07 • 14min

Shifting the Conversation on Fighting Climate Change

53:41 • 2min

A year after it was passed, the Inflation Reduction Act is already reshaping the energy and automotive industries in the U.S.

New factories for a wide array of clean energy components are being planned. Old factories are being reopened, retooled, or expanded. According to a Canary Media analysis, that is amounting to over $70 billion in new investments in the manufacturing sector for electric cars, EV parts, batteries, battery recycling, and wind and solar assembly.

Wind, solar, and battery developers are planning major increases in deal flow and projects, thanks to expanded tax credits.

Meanwhile, companies building an emerging set of technologies – like carbon removal, hydrogen, and novel long-duration storage – are also expanding.

But there are still plenty of debates and uncertainties around implementation, ranging from how to structure subsidies, who benefits from them, and whether they’ll be enough to keep supply chains in America for the long haul.

On this week’s episode of The Carbon Copy, we have a conversation with three journalists who are reporting on the lasting impacts of the IRA: Maria Gallucci, a clean energy reporter at Canary Media; Jeff St. John, director of news and special projects at Canary Media; and Julian Spector, a senior reporter at Canary Media.

Read all of Canary’s coverage of how the IRA is impacting America’s domestic energy industry.

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The Carbon Copy is supported by FischTank PR, a specialized climatetech PR firm dedicated to bringing meaningful results for companies in sectors spanning grid edge, solar, energy storage, battery, EVs, alternative fuels, VC and green building. FischTank helps clients stand out in an increasingly competitive and noisy space. Visit FischTank PR to learn more.

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