How the Inflation Reduction Act Could Still Fail - The Atlantic
Clean-energy investment in America is off the charts—but it still isn’t translating into enough electricity that people can actually use. Listen to this article 00:00 10:46 Produced by ElevenLabs and News Over Audio (NOA) using AI narration. In august 2022, the U.S. passed the most ambitious climate legislation of any country, ever. As the director of President Joe Biden’s National Economic Council at the time, I helped design the law. Less than two years later, the Inflation Reduction Act has succeeded beyond my wildest hopes at unleashing demand for clean energy. So why do I find myself lying awake at night, worried that America could still fail to meet its climate goals? Because even though unprecedented sums of money are flowing into clean energy, our current electricity system is failing to meet Americans’ demand for clean power. If we don’t fix it, the surge in investment will not deliver its full economic and planetary potential. ENJOY A YEAR OF UNLIMITED ACCESS TO THE ATLANTIC—
Listen − 1.0 x + Seek 0:00 10:46 I n August 2022 , the U.S. passed the most ambitious climate legislation of any country, ever. As the director of President Joe Biden’s National Economic Council at the time, I helped design the law. Less than two years later, the Inflation Reduction Act has succeeded beyond my wildest hopes at unleashing demand for clean energy. So why do I find myself lying awake at night, worried that America could still fail to meet its climate goals? Because even though unprecedented sums of money are flowing into clean energy, our current electricity system is failing to
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