The Inflation Reduction Act has been aptly labeled a “climate bill,” but in many ways it’s an “American competitiveness bill.”

Building and deploying clean energy technology within the U.S. is a major focus of the $450 billion spending package, with the potential for exporting those solutions around the globe. This new investment comes amid concerns that the US has been falling behind other nations (most notably China) in global energy innovation race.

On this episode of Political Climate, we discuss how the Inflation Reduction Act — signed into law this week by President Biden — is poised to change the U.S. innovation landscape. With new support for laboratory research and real world project demonstrations, building out supply chains and more, we may be entering a new era for American competitiveness.

Varun Sivaram, senior advisor to U.S. Special Presidential Envoy for Climate John Kerry and his managing director for clean energy, innovation, and competitiveness joins the podcast, as well as Nick Montoni, senior innovation policy advisor for the Climate and Energy Program at Third Way.

"Arsenal of Clean Energy" is made possible by Third Way, a center-left think tank championing modern solutions to the most challenging problems in US policy, including the economy, national security and climate change. Learn more at thirdway.org 

Recommended reading:

• Energizing America: A Roadmap to Launch a National Energy
• Third Way: Making DOE’s New Office of Clean Energy Demonstrations a Success
• Third Way: How to Unleash the LPO’s True Potential

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