Other countries have discovered that the Inflation Reduction Act is extremely protectionist & they are not happy about it. (I've been wondering when this would happen.)
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"Some officials in Europe have called for the EU to match the IRA’s approach rather than trying to fight it. India is pursuing a 'Make in India' program to bolster its own domestic clean energy manufacturing."
Hard to see how this won't slow down the global transition.
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If the GOP were still a free-market/free-trade party, like it pretended to be there for a short while, *this* would have been its main attack on IRA: it's protectionist AF & will restrict international trade in cleantech, slowing the transition.
Instead its attack was: deeerp.
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IIJA was as well, but since that's been official US policy since the 1980s it doesn't generate as much pushback.
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It was a small moment but remember in one of the 2020 DNC debate E. Warren said something like, "we're going to produce green technologies and share them to rest of the world AS LONG AS THEY'RE PRODUCED HERE. And hardly any commentators said anything about that.
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Big oil, gas and biomass celebrated the "monumental enhancements to the #45Q tax credit in the IRA. John Podesta has seeded a concession position on CCS since the 2007 #DesignToWin plan launched. What does John Kerry actually mean when he says "commercialize these technologies"?
