What Does The IRA Mean For The World?

In this episode of The Energy Gang, we revisit the surprise of the summer: the Great American Climate Bill. Now that the Inflation Reduction Act (IRA) has officially been signed into law, what’s next? Regular Energy Gang member Dr. Melissa Lott steps in as host this week while Ed Crooks takes a well-earned holiday. Joining Melissa is Robbie Orvis from Energy Innovation and Dr. Linus Mofor from the UN Economic Commission for Africa.  A press release from the white house estimates the IRA will result in the reduction of greenhouse gas emissions by about one billion metric tons in 2030.  For many, the bill is a high point of decades of work to pull together a piece of major energy and climate legislation in the US that helps mitigate the impacts of climate change and protect public health. Not just for the hundreds of millions living in the country but for the health of people around the globe.  The gang highlights the impact the IRA will have on air pollution – according to some initial analysis of the bill, we are looking at avoiding nearly 4,000 premature deaths and up to 100,000 asthma attacks annually by 2030.  The bill also extends and expands the existing electric vehicle subsidiary, requiring that at least 40% of critical metals must come from the US or a Free Trade Agreement partner. As we head into COP27, we look at the response from other countries. Do policies like the IRA help in the energy transition around the world? We turn to Linus to walk us through the effects the bill may have on African countries and the opportunities for development and financing in the climate and energy sector.  As always, please do let us know what you think. Send us a note, or a free electron, on Twitter – we’re @TheEnergyGang. This episode of the Energy Gang is brought to you by Hitachi Energy, a global technology leader advancing a sustainable energy future for all. Learn more by listening to the Power Pulse podcast, where the Hitachi Energy team discusses the latest in the ongoing transformation of the world’s energy systems. The Power Pulse podcast is available now on Spotify, Apple Podcasts or any other podcast app. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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Covering breaking news in clean tech, going deep on global energy policy, and debating the levers that need to move to accelerate the energy transition. Energy Gang is the podcast covering clean energy technology, renewable energy, and the environment. The world of clean energy moves fast, and you need a reliable source to stay on top of the news that matters. You’ll find it on Wood Mackenzie’s Energy Gang.How will changes to the US government affect decarbonisation and energy security? When will hydrogen, nuclear and carbon capture deploy at scale? Where’s the money for the energy transition green finance coming from and how much more is needed? What’s the outlook for EVs? What are the energy predictions for solar energy? What's the latest on climate change?Get answers to questions like these, bi-weekly on Tuesdays at 7am ET. Plus, get special live episodes recorded at the biggest climate and energy events throughout the year, like COP30 and Climate Week NYC. Don’t worry if you can’t make it in person, Energy Gang brings you all the updates on energy policy, energy finance and energy innovation you need to hear.Energy Gang is presented by Wood Mackenzie and hosted by Ed Crooks, Vice-Chairman of Energy at Wood Mackenzie and a former Financial Times and BBC News journalist. Regular guests are Amy Myers-Jaffe (Director of NYU’s Energy, Climate Justice and Sustainability Lab), and Dr Melissa Lott (Partner at Microsoft) – plus a roster of industry leaders and policy influencers, like Jigar Shah (Industry figurehead and former director of the Loan Programs Office in the US Department of Energy), Caroline Golin (Head of North America, Global Energy Market Development and Policy at Google) and Ambassador Geoffrey Pyatt (Former Assistant Secretary of State for Energy Resources).If you like The Energy Transition Show, Catalyst with Shayle Kann, The Big Switch from Columbia University, Open Circuit with Stephen Lacey or The Green Blueprint, you’ll enjoy Energy Gang.Want to get involved with the show? Reach out to podcasts@woodmac.com to:Bring Energy Gang to your eventBe a guest on the showSponsor an episodeAsk a question to Ed Crooks or one of our guestsCheck out another leading clean tech global podcast by Wood Mackenzie, Interchange Recharged: https://www.woodmac.com/podcasts/the-interchange-recharged/Wood Mackenzie is the leading global data and analytics solutions provider for renewables, energy and natural resources. Learn more about Wood Mackenzie on the official website: https://www.woodmac.com/