Green capitalism is ascendant. The IRA will inject hundreds of billions of dollars of clean energy tax credits into the economy over the next ten years to be gobbled up by firms of all stripes and sizes. In line with its market orientation, the IRA does not specify which firms or clean energy technologies will ultimately claim these tax credits, setting off a frenzy among investors and organizers alike. Exactly...
In August, the U.S. Senate passed climate provisions that were immediately hailed as historic, marking President Biden’s most significant legislative achievement to date. Coming after a summer of record heat waves, floods, fires, and other catastrophes around the world, the bill sparked debate over whether its contents will meet the moment with sufficient urgency, and how much we should celebrate it as a significant, if limited, victory. Meanwhile, the viability...