Policy promoting climate finance
With the Inflation Reduction Act (IRA), the United States is unleashing billions of dollars to promote climate solutions and clean energy technology
From FORESIGHT Climate & Energy, Watt Matters is a podcast all about the energy transition and the shift to a decarbonised economy
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The Inflation Reduction Act is the largest climate and energy package in the history of the United States. It will unleash some $370 billion for energy and climate, and it will touch every sector of the economy, from manufacturing to renewable energy communities or environmental justice.
The IRA could launch America back into international leadership in climate mitigation, says Katherine Hamilton, longtime host of The Energy Gang podcast and our guest in today’s episode – our 25th, marking one year since the launch of Watt Matters.
The EU is watching the US’ steps and is highly concerned about the protectionist nature of the Inflation Reduction Act. However, the tax incentives envisioned in the IRA could scale up clean energy technology and provide real carbon reductions – and that “will allow the US to become a much better global neighbour,” said Hamilton.
Katherine Hamilton is Chair of 38 North Solutions and is now a regular contributor to The Carbon Copy podcast. Hamilton has led several councils of the World Economic Forum as a global policy and technology thought leader and is currently Chair of the Global Future Council on Clean Electrification. She served as President of the GridWise Alliance, advocating for smart grid funding in the Obama Administration’s Recovery Act.
Enjoy the show!
If you have any thoughts or questions about anything that has been discussed in this week’s episode, you can reach us at our Twitter accounts:
Katherine Hamilton
Michaela Holl
Jan Rosenow
David Weston
Anna Gumbau
@WattMattersPod
FORESIGHT Climate & Energy
Listen and subscribe to Watt Matters wherever you get podcasts. Follow us on Twitter at @WattMattersPod or email us at show@wattmatterspodcast.com
Illustration: Masha Krasnova-Shabaeva. Art director: Trine Natskår.
Show notes:
The global energy crisis is driving a surge in heat pumps, bringing energy security and climate benefits – News – IEA
Enhanced support to make homes warmer and greener – gov.scot
Climate Change from A to Z | The New Yorker
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