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Climate One

The Inflation Reduction Act: What’s in the Sausage?

Climate One

Climate One

News Commentary, Earth Sciences, Social Sciences, Science, News

4.7585 Ratings

🗓️ 10 August 2022

⏱️ 59 minutes

🧾️ Download transcript

Summary

For nearly six decades, the US government passed no comprehensive climate legislation. Now that’s changed. The Inflation Reduction Act contains approximately $370 billion of investments in clean energy and climate solutions. But not everyone is happy. To get through the Senate, the bill offered carrots to entrenched fossil fuel interests, along with investments in renewable power. Many in disadvantaged communities, who so often bear the brunt of climate-induced disasters, feel they’ve been left out yet again. Guests:  Chelsea Henderson, Director of Editorial Content, RepublicEn Sam Ricketts, Co-Founder, Evergreen Action  Ozawa Bineshi Albert, Co-Executive Director, Climate Justice Alliance Somini Sengupta, International Climate Reporter & Anchor, Climate Forward Newsletter, New York Times For show notes and related links, visit ClimateOne.org Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:12.0

Hi, it's Greg Dalton.

0:16.0

I'd like to hear your comments on the show, topics we should cover, and guest suggestions.

0:23.8

You can reach me at Greg at climate one.org.

0:30.4

This is Climate One. I'm Greg Dalton. The negative impacts of burning fossil fuels reach the highest levels of the U.S. government earlier than most people realize. The first president to be

0:35.5

briefed about climate change was LBJ in 1965. Every president

0:41.5

since then has been briefed about the issue. But for nearly six decades, the federal

0:46.8

government passed no comprehensive climate legislation. Now that's changing. The Inflation

0:53.0

Reduction Act contains approximately $370 billion of investments in clean energy and climate solutions.

1:00.7

And with a new bill moving toward the president's desk, the United States has concrete evidence to show the rest of the world that we are indeed taking the climate crisis seriously.

1:11.6

It allows the United States to say we are at the table.

1:17.3

The Inflation Reduction Act. What's in the Sausage? Up next on Climate One.

1:24.5

Since LBJ was first briefed on climate disruption in 1965, a handful of U.S. senators have blocked

1:31.9

attempts to address it holistically. In 1994, Senator Robert Byrd, Democrat from West Virginia,

1:39.0

opposed President Clinton's plans for a national tax on energy based on output or BTUs. A few years later,

1:46.4

Byrd and Chuck Hagel, Republican from Oklahoma, basically killed U.S. ratification of the

1:52.1

Kyoto Protocol. In 2009, President Obama and House Speaker Nancy Pelosi got a comprehensive

1:58.2

climate and energy bill through the House, only to see it die

2:02.2

in the Senate. A few years later, the Paris Climate Agreement was structured as a voluntary

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