“Perhaps most strange, even if the United States slips into recession in the next year, the IRA will only become more important. Historically, economists and businesses have treated helping the environment as a product of prosperity—if the economy is good, then companies can afford to do the right thing. But the IRA’s programs and incentives will keep flowing no matter the macro environment, which makes betting on clean energy one of the most certain economic trends of the next few years. Clean energy is now the safe, smart, government-backed bet for conservative investors. It’s really a shocking reversal of the past 40 years. It is such a change that it hasn’t yet been metabolized by the world of people involved in the issue.”
The Climate Economy Is About to Explode
https://www.theatlantic.com/science/archive/2022/10/inflation-reduction-act-climate-economy/671659/
via Instapaper
The Climate Economy Is About to Explode
https://www.theatlantic.com/science/archive/2022/10/inflation-reduction-act-climate-economy/671659/
via Instapaper
