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Podcast

Podcast

Transcript: Is Biden’s Climate Law Actually Working?

The full conversation from Shift Key, episode three.

The Shift Key logo.
Transcript: The Messy Truth of America’s Natural Gas Exports
Heatmap Illustration

This is a transcript of episode three of Shift Key: Is Biden's Climate Law Actually Working?

ROBINSON MEYER: Hi, I'm Rob Meyer. I'm the founding executive editor of Heatmap News and you are listening to Shift Key, a new podcast about climate change and the shift away from fossil fuels from Heatmap. My co-host Jesse Jenkins will join us in a second and we'll get on with the show. But first a word from our sponsor.

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Podcast

Is Biden’s Climate Law Actually Working?

Inside episode three of Shift Key.

President Biden.
<p>Heatmap Illustration/Getty Images</p>

A year and a half ago, President Biden signed the Inflation Reduction Act, the biggest climate law in American history — and arguably in world history. The law will spend an estimated $500 billion in grants and tax credits to incentivize people and businesses to switch from burning fossil fuels to using cleaner, zero-carbon technologies.

That’s the goal, at least. But is the IRA actually working? Now, 18 months after its passage, we’re starting to be able to answer that question. A new report from a coalition of major energy analysts — including MIT, the Rhodium Group, and our cohost Jesse Jenkins’ lab at Princeton — looks at data from the power and transportation sectors and concludes that yes, the law is starting to decarbonize the American economy.

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