Shift Key with Robinson Meyer and Jesse Jenkins cover image

What 2024 Will Mean for Clean Energy — in Megatons

Shift Key with Robinson Meyer and Jesse Jenkins

00:00

Modernize with Incentives and Standards

The demand for programs under the inflation reduction act aimed at modernizing factories outpaces the available funding, indicating a strong interest in sustainable practices. Various financial mechanisms such as grants, loans, and tax credits, including a proposed clean heat tax credit, are essential to promote cleaner heating methods in manufacturing. The strategy involves implementing a carbon border adjustment mechanism to impose tariffs on imported goods that are less environmentally friendly, thereby protecting domestic industries as they transition to cleaner production methods. This comprehensive approach, blending incentives with regulatory standards, aims to foster a global market for cleaner technologies and create a sustainable industrial landscape.

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