How the Inflation Reduction Act changed the world.
This is Part 1 of 9 in Neo Energy Storage Ltd Series from our LinkedIn post from Financial Times. 'What is the the Inflation Reduction Act?'
"The Inflation Reduction Act is the largest investment in clean energy and attacking the problem of climate change in the history of the world.
At the heart of it was an economic theory. Invest in American technology and manufacturing, power the economy, reduce the dependency the United States had on unreliable single-source suppliers of certain goods and materials."
John Podesta
Head of Clean-Energy Provisions
Inflation Reduction Act
Our views
The Inflation Reduction Act has now set forth the momentum for a full scale re-industrialisation of the US heartlands. It's no longer the open global markets espoused by Clinton /Bush Obama, now American policy is about shutting off cheap renewables from China. Unless Europe, and others, react to this new industrial strategy, the US will lead and dominate the green agenda for years to come, which personally is not a bad thing. Someone has to take the lead.
This is a 9-part Series. The next part will be on 'Georgia Embraces Clean Energy Dollars'.
For the full video from FT REPORT, please click below.
https://lnkd.in/eiKZzin8
Here's our other post of the Inflation Reduction Act.
https://lnkd.in/evkJw86P
#netzero2050 #energytransition #inflationreductionact #IRA2022 #biden