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David Wallace-Wells
@dwallacewells
One bit of conventional climate wisdom over the last year has been that Biden’s I.R.A. approach to decarbonization failed politically. But if Trump went on a war path against it and was barely able to cut a quarter of its impact…are we sure that’s a failure?
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Jane Flegal
@JaneAFlegal
New @MIT_CEEPR analysis by Lily Bermel: OBBBA preserves 67-74% of clean energy & emissions benefits the IRA would have delivered thru 2035. Greater ambition on climate means *removing barriers to building (including tx)* not just restoring credits. ceepr.mit.edu/workingpaper/g
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David Wallace-Wells
@dwallacewells
Maybe climate people should spend a little less time arguing about who sold out who and what sandbagged climate progress and which was the original sin of the IRA if a deeply skeptical and vengeful president did everything to destroy the bill and left 3/4 of its effects intact.
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A. Ayya
@AkshIye
It’s not IRA or carbon pricing, but Trump’s doing a great job raising fossil fuel costs.
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Jake Bittle
@jake_bittle
The paper also notes that the IRA was already underperforming initial projections, in large part due to transmission and permitting constraints. Even if you don't consider the impact of behind the meter gas, the best-case scenario was already unlikely even before OBBBA.
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