by J. Curry, Aug 11, 2022 in WUWT
The Inflation Reduction Act that has passed in the US Senate contains a healthy dose of funding for energy and climate initiatives. There is much discussion as to why this bill looks like it will pass, when previous climate bills (carbon tax, carbon cap and trade) failed.
The Senate bill includes billions of dollars in tax credits and subsidies for clean energy and electric vehicles. In addition to renewable-energy funding, there is also commitment to federal oil and gas expansion, albeit with fines for excessive methane leakage. The bill includes climate resiliency funding for tribal governments and Native Hawaiians and other disadvantaged areas disproportionately impacted by pollution and climate warming. Funds are also allocated to tackle drought remediation in the West.
I’ve received requests to write on this topic, here are some bits and pieces that I’ve pulled together. My main points:
- Post-apocalyptic climate politics have a much better chance of succeeding than fear-driven apocalyptic climate politics
- Energy policy should be detached from climate policy to make a robust transition to a 21st century energy system that emphasizes abundant, cheap, reliable and secure power with minimal impact on the environment (including land use).
Apocalyptic climate politics