The Inflation Discount Act (IRA), typically dubbed the “Local weather Invoice,” was signed into regulation greater than a yr in the past within the US and catalyzed greater than $390 billion of funding within the clear vitality sector. However what particular modifications has it caused, and what obstacles stay?
Leah Stokes, an environmental coverage professor at UC Santa Barbara who incessantly advises Democrats on local weather laws, spoke with James Temple, senior editor for local weather and vitality, in regards to the IRA’s early impression on the vitality transition. Stokes acknowledged vital progress in decarbonization efforts however stated there’s nonetheless a lot work to be accomplished to guarantee that the cash is spent nicely and equitably throughout varied vitality sectors.
In addition they spoke a few latest research led by Stokes, revealing that opposition to new wind tasks has been extra prevalent in whiter and wealthier communities. You’ll be able to watch the entire dialog under.