Can Biden's climate law survive Trump?
The Inflation Reduction Act has led to billions of dollars of investment in clean energy, largely in districts that favored Trump in 2020 – but now the president-elect wants to get rid of it. Today, the impact of the law so far and what parts of it are now in jeopardy.
Two years ago, President Biden and congressional Democrats passed the Inflation Reduction Act, aimed at stimulating clean energy production and reducing carbon emissions. Since then, hundreds of thousands of jobs have been created and Americans have claimed over $8 billion in tax credits to spend on climate-friendly technologies for their homes. The biggest winners have been more conservative areas, where more investments have been made because of lower tax barriers and more incentives for companies to build there. But despite this, President-elect Donald Trump has vowed to stop efforts to boost clean energy, calling it the “green new scam.”
“Post Reports” co-host Elahe Izadi speaks with reporter Maxine Joselow about how he could do this and what the lasting effects of the Inflation Reduction Act might be.
Today’s show was produced by Sabby Robinson with help from Elana Gordon. It was mixed by Justin Gerrish and edited by Lucy Perkins with help from Maggie Penman. Thank you also to Roger Hodge.
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