Trump’s Megabill Comes for the Clean Energy Transition

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 Hamilton, Chair, 38 North Solutions Clayton Aldern, Senior Data Reporter, Grist Lisa Jacobson, President, Business Council for Sustainable Energy John Szoka, CEO, Conservative Energy Network   On July 31, Climate One is hosting Premal Shah and Kinari Webb for a live episode recording! With years of experience navigating the global climate movement, the two are sure to offer unparalleled insights during their conversation with Co-Host Greg Dalton. Tickets for the show, which will be held at The Commonwealth Club in San Francisco, are available now through our website. Support Climate One by going ad-free! By subscribing to Climate One on Patreon, you’ll receive exclusive access to all future episodes free of ads, opportunities to connect with fellow Climate One listeners, and access to the Climate One Discord. Sign up today. For show notes and related links, visit our website. Ad sales by Multitude. Contact them for ad inquiries at multitude.productions/ads Learn more about your ad choices. Visit megaphone.fm/adchoices