https://www.scmp.com/rss/513379/feed Gernot Wagner, a climate economist at Columbia Business School, is the author, most recently, of “Geoengineering: The Gamble”. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The United States has entered the clean energy race in a big way with the Inflation Reduction Act. Not only will the law subsidise US renewable energy producers and consumers to the tune of US$369 billion over 10 years, it authorises the Department of Energy (DOE) to lend up to US$250 billion to US companies investing in the clean energy transition. Between the act and the recent US$52 billion package to boost US semiconductor production, it is clear that industrial policy is back in vogue in... https://www.scmp.com/comment/opinion/article/3189039/inflation-reduction-act-shows-us-means-business-global-clean-energy?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3189039/inflation-reduction-act-shows-us-means-business-global-clean-energy?utm_source=rss_feed Wed, 17 Aug 2022 17:30:14 +0000