Inflation Reduction Act

The Side Deal

How would the Manchin-Schumer deal on permitting impact the environment?

To get Manchin’s vote for the $379 billion in environmental spending in the IRA bill, Schumer and other congressional leaders had to agree to support Manchin’s efforts  to speed up the permit system. At this point, all we have is a one-page list of permitting changes that would form the basis of a new bill. …

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IRA’s Impact

The new law is a Big Deal. Or more precisely, a REALLY Big Deal.

IRA, the Inflation Reduction Act, is clearly the biggest climate legislation ever passed in the United States.  The law will provide  $379 billion in subsidies to clean energy in the form of direct payments and tax credits. Subsidies aren’t the ideal way to cut emissions, because it’s impossible to target them to the precise behavioral …

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A Great Day for Climate Policy

A short video explainer of why passage of the IRA bill is such a big deal.

We all have something to celebrate with the House passage of the IRA on Friday. Getting it passed required some difficult compromises, but the bill represents a major step forward.  Because of the Mar-a-Lago search, it hasn’t gotten nearly as much attention as it deserves. If you don’t have time for a lot of details, …

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The Inflation Reduction Act and the Sequencing of Climate Policy

Why subsidies for clean energy generally are preconditions for other climate policies

The Inflation Reduction Act would be, if enacted, the biggest piece of climate legislation that the U.S. Congress has ever passed.  As such, it’s gotten a fair amount of coverage attempting to put it into context for the broader scope of climate policy in the U.S. and globally – in particular, this article in Slate …

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Why We Can’t Wait

In climate policy, delay is deadly.

There are a lot of complaints about the very real flaws in the Inflation Reduction Act, tied with arguments that we should wait until we can do something better. In climate policy, however, waiting is dangerous.  We’ve already delayed far too long. Further delay means having to cut emission much more rapidly to make up …

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The Major Money Doctrine 

Senate passes biggest climate legislation ever.

In June, the Supreme Court trimmed EPA’s power to regulate greenhouse gases. The Court used the “Major Question Doctrine,” which says that issues of “vast political and economic significance” must be decided by Congress.  Senate Democrats gave their response on Sunday: the Major Money Doctrine. They passed the Inflation Reduction Act (IRA), which provides over …

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The climate bill and oil and gas leasing

Provision in big climate bill that mandates oil and gas leasing on federal lands has limited reach

The big news in climate policy this past week was Senator Joe Manchin (D-WV) signing off on a deal with the Democratic Senate Majority leader, Chuck Schumer, to spend hundreds of billions of dollars on climate investments – the bill is catchily called the Inflation Reduction Act of 2022.  I’ll take a look at the …

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