Shift Key with Robinson Meyer and Jesse Jenkins

The Inflation Reduction Act Is About to Be Tested

Nov 6, 2024

The recent election could dramatically alter the future of the Inflation Reduction Act and climate policy. With Trump’s pro-fossil fuel agenda in play, the potential for repealing key environmental regulations is high. There are uncertainties surrounding EV tax credits and the auto industry, particularly with fluctuating political support. Additionally, discussions on carbon pricing reveal resilience despite conservative trends. Overall, shifting political dynamics will shape the landscape for clean energy and decarbonization efforts in the coming years.

45:53

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Quick takeaways

The recent election results indicate a Republican trifecta could threaten the stability and implementation of the Inflation Reduction Act.

State-level decarbonization initiatives show mixed outcomes, highlighting the challenges of advancing renewable energy policies in a shifting political climate.

Deep dives

Federal Policy Outlook Post-Election

The results of the recent election suggest that Republicans will hold a trifecta in federal government, impacting future legislation on decarbonization. This situation tests the political viability of the Inflation Reduction Act (IRA), which primarily benefited Republican-leaning areas through tax incentives and grants. An analysis revealed that Trump-supporting districts received significantly more funding from the IRA compared to those that backed Biden. The upcoming tax credit renewal discussions might reveal the true political pressures and possibilities for retaining certain provisions of the IRA amidst potential Republican opposition.

Intro

6min

EV Tax Credit Challenges and Political Dynamics

8min

Political Dynamics and Environmental Regulations Post-Inflation Reduction Act

2min

Navigating U.S. Vehicle Emission Regulations

12min

Navigating Carbon Pricing Policies and Political Dynamics

4min

Energy Policy Developments: Natural Gas Restrictions and Offshore Wind Sentiment

3min

Political Shifts and Their Impact on Electric Vehicle Market Dynamics

4min

Shifting Politics of Electric Vehicles and Global Decarbonization Trends

6min

Last night, Donald Trump secured a second term in the White House. He campaigned on an aggressively pro-fossil -fuel agenda, promising to repeal the Inflation Reduction Act, Biden’s landmark 2022 climate law, and roll back Environmental Protection Agency rules governing power plant and car and truck pollution.

On this week’s episode of Shift Key, Jesse and Rob pick through the results of the election and try to figure out where climate advocates go from here. What will Trump 2.0 mean for the federal government’s climate policy? Did climate policies notch any wins at the state level on Tuesday night? And where should decarbonization advocates focus their energy in the months and years to come? Shift Key is hosted by Robinson Meyer, the founding executive editor of Heatmap, and Jesse Jenkins, a professor of energy systems engineering at Princeton University.

Mentioned:

Rob’s post-election story: Trump Won. Now the Fight Over the Clean Energy Economy Begins.

Heatmap’s rundown of climate election results around the country

How clean energy stocks are faring post-Trump’s win

This episode of Shift Key is sponsored by …

Watershed’s climate data engine helps companies measure and reduce their emissions, turning the data they already have into an audit-ready carbon footprint backed by the latest climate science. Get the sustainability data you need in weeks, not months. Learn more at watershed.com.

As a global leader in PV and ESS solutions, Sungrow invests heavily in research and development, constantly pushing the boundaries of solar and battery inverter technology. Discover why Sungrow is the essential component of the clean energy transition by visiting sungrowpower.com.

Intersolar & Energy Storage North America is the premier U.S.-based conference and trade show focused on solar, energy storage, and EV charging infrastructure. To learn more, visit intersolar.us.

Music for Shift Key is by Adam Kromelow.

Hosted on Acast. See acast.com/privacy for more information.

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