Commonwealth Club Of California Podcast

Three years ago, Congress passed President Biden’s Inflation Reduction Act, the largest investment in climate action in U.S. history. The IRA set in motion a sweeping set of investments in nearly every aspect of energy and climate, mostly in the form of subsidies and tax credits, to boost domestic production of electric vehicles, batteries and carbon-free energy. Those investments have flowed to every state, but the majority have landed in Republican-held districts.  In spite of that, Congressional Republicans nearly unanimously passed President Trump’s “Big, Beautiful Bill” which the president signed on July 4. The megabill guts nearly all the program funds allocated under the IRA and slashes incentives and credits for solar, wind, energy efficiency and electric vehicles — precisely at a time when we need to dramatically scale up those sectors to address climate change. Why did Republicans let this bill move ahead? And how much will it exacerbate the climate crisis in the coming decades? Guests: Katherine