This is a Big (Climate) Deal: What’s in the Inflation Reduction Act?

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By Leah Stokes, Dr. Leah Stokes, and Dr. Katharine Wilkinson. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Welcome back to A Matter of Degrees! While we’ve been hard at work producing season three of the show, the climate movement has been going through a lot of twists and turns. Most recently, after announcing he would not support climate investments in a budget reconciliation deal, Senator Joe Manchin abruptly made a historic climate deal with Senate Majority Leader Chuck Schumer: the Inflation Reduction Act of 2022 (IRA).

The bill includes $369 billion of climate investments. We can’t overstate the significance of this opportunity — modeling shows the IRA, if passed, would cut emissions 37-41% below 2005 levels by 2030. That gets us 80% of the way to cutting emissions in half this decade and meeting President Biden’s climate goals. In this bonus episode, we acknowledge the harmful flaws in the deal, lay out the modeling of its climate impacts, and call on first the Senate, then the House of Representatives to vote and pass it now.

This episode features a live conversation co-hosted by Evergreen Action, featuring Senator Ed Markey, Representative Pramila Jayapal, and Reverend Lennox Yearwood, Jr.

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27 episodes