Inflation Reduction Act
Advances in State Climate Policy
Despite the distractions of a national election, there were important developments around the country.
Last year, Congress took its first big step into climate policy by passing blockbuster spending measures. Nonetheless, many states are ahead of the Feds in climate policy. There were important developments in a multitude of states. California remained a hotspot for climate action. In terms of transportation emissions, the California Air Resources Board (CARB) approved …
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Methane Action in 2022: Project Climate’s Year In Review
A short summary of efforts to tackle the super pollutant.
Co-authored with Gil Damon, CLEE Methane Research Fellow. 2022 proved to be a big year for methane—the flammable gas that accounts for 30 percent of Earth’s anthropogenic warming. Methane forms when organic material decomposes in sealed spaces and is released in the agriculture, waste disposal, and energy sectors. In terms of warming, methane is a …
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How Cities Can Optimize Federal and State Funding Opportunities for Local Climate Action
Part Three of CLEE’s analysis for funding and financing municipal climate action
As my colleagues Katie Segal and Ted Lamm have covered here and here, last week our team at CLEE released an analysis detailing how San Francisco can fund its ambitious Climate Action Plan. Katie provided an overview of the city’s Climate Action Plan (CAP), describing how San Francisco will need to secure tens of billions …
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Are carbon taxes a thing of the past?
What is the role for carbon pricing in the future of decarbonization policy?
That’s the question implicitly raised by this article in the New York Times from late August. The article surveys a range of criticisms of the use of carbon taxes as a tool to address greenhouse gas emissions, and criticisms of the focus of many economists on carbon taxes as the primary tool to address climate …
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The Inflation Reduction Act and California Offshore Wind
There May Be Workarounds for Delays in Offshore Wind Created by IRA Section 50265
Various measures in the Inflation Reduction Act (IRA), signed into law on August 16, 2022, create new momentum for offshore wind in California. However, as with all things in life, it’s never that simple. In this case, the IRA ties offshore wind (OSW) leases to offshore oil and gas auctions and prevents OSW leases from …
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A Three-Prong Attack on Carbon Emissions
A trio of new laws will power the energy transition.
Passage of IRA was clearly a big deal, with nearly $380 billion devoted to climate and other environmental issues. But IRA is only one of the three big climate bills passed in the ten months. The three represent a concerted effort to accelerate the energy transition. The earliest was the Infrastructure Act last November. In …
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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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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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