Inflation Reduction Act
Who Will Own the Clean Energy Future?
In the latest push to finance renewable energy, we have allowed private actors to make substantial claims on public resources without asking for anything in return.
This post was first published at the Law & Political Economy blog as part of their ongoing series on climate, economics, and green capitalism. The Inflation Reduction Act (IRA) has been hailed as the most significant piece of federal climate legislation ever enacted in the United States. Although it has not had much competition on …
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CONTINUE READINGThe Energy Transition and the Working Class
Is Biden right? Can we attack climate change while uplifting the lives of workers?
In most of the world, May 1 is International Worker’s Day. It celebrates the collective struggle of workers for better wages and working conditions. That made me start thinking about the efforts that have been made to unite climate action with the interests of workers. That has been a particular emphasis of the Biden Administration …
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CONTINUE READINGThe Debt Ceiling and the Environment
GOP demands would devastate environmental protection
Kevin McCarthy sketched the outlines of his opening demand to raise the debt limit last week, and the bill has now been released. If adopted, it would have a devastating impact on environmental protection and climate action. One impact would be budgetary – repealing much of the Inflation Reduction Act while kneecapping EPA’s ability to …
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CONTINUE READINGWhy the Inflation Reduction Act Can’t Be Repealed
Republicans are trying to undermine the IRA, but there are at least 370 billion reasons why the landmark climate law will not be rolled back by a future Congress or administration.
There’s a ton of questions about the future efficacy of the Inflation Reduction Act. But whether the law will be reversed before it can get going is not one of those questions. That’s the most basic takeaway from the April 12 policy symposium convened by the UCLA Emmett Institute about the new federal laws to …
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CONTINUE READINGAdvances 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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CONTINUE READINGMethane 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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CONTINUE READINGHow 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 …
CONTINUE READINGAre 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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CONTINUE READINGThe 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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CONTINUE READINGA 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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