In September 2015, then Bank of England Governor Mark Carney gave a landmark speech on the “Tragedy of the Horizon.” The concept was simple: climate change creates tremendous risk for financial markets, but these mounting risks are ignored by investors due to the market’s tendency towards myopia. The speech marked […]
Inflation Reduction Act
14 posts
This week, the U.S. Environmental Protection Agency (EPA) released preliminary program design details for the Greenhouse Gas Reduction Fund (GGRF) established by Section 60103 of the 2022 Inflation Reduction Act (IRA). Specifically, the EPA published two “assistance listings” designed to help potential applicants identify funding opportunities. The publication stops short […]
By Amy Turner On October 21, 2022, the U.S. Environmental Protection Agency (USEPA) released a request for information (RFI) regarding Section 60103 of the Inflation Reduction Act (IRA), also known as the IRA’s “green bank” provisions. These provisions add a new section 134 to the Clean Air Act establishing a […]
By Romany M. Webb The Inflation Reduction Act (IRA) has been described as being “all carrot” and “no stick” but that is not entirely correct. It is certainly true that the IRA uses “carrots” – principally in the form of tax credits – to incentivize actions that will reduce greenhouse […]
By Amy Turner On August 16, President Biden signed the Inflation Reduction Act (or “IRA”), widely hailed as the most ambitious piece of climate legislation in U.S. history. The bill is sprawling, covering climate and energy topics as diverse as electric vehicles, building decarbonization, clean energy manufacturing and supply chains, […]
By Romany M. Webb At Tuesday’s signing ceremony, President Biden described the Inflation Reduction Act (IRA) as “one of the most significant laws in our history.” Political rhetoric aside, its passage is a major achievement. After decades of inaction on climate change, the U.S. Congress has finally taken a step […]