About this episode
On Aug. 16th, 2022, U.S. President Joe Biden signed into law the Inflation Reduction Act, or IRA. The IRA is a comprehensive energy and climate law that allocates nearly $370 billion in federal spending to decarbonization efforts over the next decade. In this episode of ESG Insider, we take a deep dive into those measures and explore the implications for the goal President Biden set to cut U.S. emissions by at least 50% by 2030 relative to 2005 levels. We talk with Robbie Orvis, Senior Director for Modeling and Analysis at Energy Innovation, a non-partisan energy and climate policy think tank based in Washington, D.C. "There is a pretty clear path now to" achieving Biden's emissions reduction goals, he tells us. At the same time, says Robbie, "there are lots of things that have to go right to hit those types of targets and numbers," including building out U.S. electric transmission capacity to accommodate future renewable generation, and tackling workforce and supply chain challenges. Listen to our episode on the low-carbon strategies of U.S. automaker General Motors here: https://www.spglobal.com/esg/podcasts/how-automaker-gm-is-tackling-climate-change-social-equity-and-supply-chain-risk To hear more about the implications of the Inflation Reduction Act, listen to a recent episode of the Energy Evolution podcast from our colleagues at S&P Global Market Intelligence here: https://podcasts.apple.com/us/podcast/how-will-us-democrats-new-deal-on-climate-affect-the/id1485337462?i=1000575106791 We'd love to hear from you. To give us feedback on this episode or share ideas for future episodes, please contact hosts Lindsey Hall ( lindsey.hall@spglobal.com ) and Esther Whieldon ( esther.whieldon@spglobal.com ). Photo credit: Getty Images Copyright © 2022 by S&P Global DISCLAIMER By accessing this Podcast, I acknowledge that S&P GLOBAL makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, S&P GLOBAL does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of S&P GLOBAL. S&P GLOBAL assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, S&P GLOBAL makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. S&P GLOBAL EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.