Exploring The Great American Climate Bill
The Energy Gang
Wood Mackenzie
4.6 • 1.3K Ratings
🗓️ 12 August 2022
⏱️ 53 minutes
🧾️ Download transcript
Summary
Congress is passing the largest-ever US climate bill. What does it mean for the world? It was the shock heard around the world this week: Senators Joe Manchin and Chuck Schumer’s joint reconciliation bill, The Inflation Reduction Act.
It’s passed the Senate, but the House remains. Will it pass, and what’s in it? On the Energy Gang podcast this week: Ed Crooks is joined by Amy Myers-Jaffe from the Fletcher School at Tufts University, and Paula Gant from GTI Energy. GTI Energy is a leading research and training organization focused on developing, scaling, and deploying energy transition solutions. The Inflation Reduction Act is a nearly $700 billion bill, which includes roughly 370 billion dollars in energy and climate spending. Is the bill an indication that the energy transition is finally gaining the momentum it desperately needs, and what new technologies will benefit from it?
Next up the gang’s attention turns to a specific focus of the legislation: the proposed investment in fuels and how electricity costs will be lowered by changes to the energy supply chain. There’s also discussion on biofuels: what is IH2 technology and what companies are betting on transitions to hydrogen? As always, please do let us know what you think. Send us a note, or a free electron, on Twitter – we’re @The Energy Gang.
This episode of the Energy Gang is sponsored by Hitachi Energy. If you are enjoying this conversation you should check out our podcast Power Pulse, where we explore the transformation of the world’s energy systems. Visit us at Hitachi Energy.com\Power Pulse
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Transcript
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| 0:00.0 | This episode of The Energy Gang is brought to you by Atachi Energy. |
| 0:03.0 | If you're enjoying this conversation, you should check out our podcast PowerPulse, |
| 0:07.0 | where we explore the transformation of the world's energy systems. |
| 0:10.0 | Visit us at AtachiEnergy.com-PowerPulse. |
| 0:16.0 | Hello and welcome to The Energy Gang, a discussion show about the false changing world of energy. |
| 0:21.0 | And this week it's about the really false changing world of American energy policy. |
| 0:27.0 | I'm Ed Kricks, and I'm joined today by Amy Myers-Jaffee, one of our regulars on The Energy Gang, |
| 0:31.0 | who's the managing director of the Climate Policy Lab at the Fletcher School of Government at Tufts University. |
| 0:36.0 | Hello Amy, how are you? Welcome back. |
| 0:38.0 | I'm great, thanks for having me again. |
| 0:40.0 | And also today we're joined for the first time by Dr. Paul Agant, |
| 0:43.0 | who's the president and CEO of GTI Energy. |
| 0:47.0 | GTI Energy is a research and training organisation working on the energy transition. |
| 0:51.0 | Now, Paula, I want you to tell us a little bit more about GTI Energy in a moment and introduce yourself properly. |
| 0:57.0 | But before we do that, I think the very first thing we have to do is start off with an apology. |
| 1:03.0 | Amy and I were on the previous edition of The Energy Gang, a couple of weeks ago, as you may have heard. |
| 1:08.0 | And one of the things we discussed then was Senator Joe Manchin of West Virginia. |
| 1:12.0 | In his comments, he didn't seem likely to vote for any climate and energy legislation, |
| 1:16.0 | at least until the autumn and possibly not ever. |
| 1:19.0 | So, lo and behold, just a few days after that episode was recorded, |
| 1:22.0 | the news broke that Senator Manchin had, in fact, reached a deal on legislation |
| 1:26.0 | with Chuck Schumer, the Democratic leader in the Senate. |
... |
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