Climate Change
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 …
Continue reading “IRA’s Impact”
CONTINUE READINGA 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, …
Continue reading “A Great Day for Climate Policy”
CONTINUE READINGThe 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 …
Continue reading “The Inflation Reduction Act and the Sequencing of Climate Policy”
CONTINUE READINGWhy 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 …
Continue reading “Why We Can’t Wait”
CONTINUE READINGMaking Climate Policy Work
New book highlights the weaknesses of carbon pricing in addressing climate policy
I have a new post up at JOTWELL reviewing a recent book from Danny Cullenward at the climate think-tank Carbon Plan, and Professor David Victor of UC San Diego. Their book, Making Climate Policy Work, is a terrific overview of the political and administrative weaknesses of carbon pricing as a tool for climate policy. Please …
Continue reading “Making Climate Policy Work”
CONTINUE READINGThe 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 …
Continue reading “The Major Money Doctrine “
CONTINUE READINGDon’t hamstring carbon removal
California needs to lead in developing critical carbon removal technologies
Assessments by the IPCC have made clear that the most feasible way for the world to meet its target of restricting climate change to below two degrees Celsius of warming includes rapid and massive expansion of carbon removal technology – technology that would extract carbon dioxide and permanently sequester that carbon dioxide underground. California has …
Continue reading “Don’t hamstring carbon removal”
CONTINUE READINGTwo and a half cheers for the IRA
Climate legislation sets the stage not just for decarbonization now, but greater policy success later on
The announcement of the legislative deal (the Inflation Reduction Act of 2022) between Senator Joe Manchin (D-WV) and the Democratic Senate leadership was a bid deal in climate policy. The legislation relies on the reconciliation process, allowing it to pass with a simple 50 votes (plus Vice President Harris’ tie-breaker vote). The legislation provides for …
Continue reading “Two and a half cheers for the IRA”
CONTINUE READINGThe 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 …
Continue reading “The climate bill and oil and gas leasing”
CONTINUE READINGClimate Adaptation Moves Toward Center Stage
There’s an increasing bipartisan move to fund climate resilience.
The big news today is the deal with Manchin to provide billions of dollars of funding for clean energy. Manchin’s vote will be needed because no Republican Senator will vote for the bill. In contrast, funding for climate resilience has drawing power even for Republicans. It seems to be true that, in Bob Dylan’s words …
Continue reading “Climate Adaptation Moves Toward Center Stage”
CONTINUE READING