Aug 17 • 1HR 7M

Diving further into the Inflation Reduction Act: Part One

The first of two hardcore wonk-dives with Jesse Jenkins.

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Last week, I hosted a podcast discussion with Princeton professor Jesse Jenkins and UC-Santa Barbara professor Leah Stokes about the climate and energy provisions in the Inflation Reduction Act. It proved quite popular! (If you haven't listened yet I highly recommend listening to it before this one.)

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Among other things, we discussed the modeling of the bill done by Jenkins’ shop. In the days following, I noticed several questions popping up via email and social media about that modeling — how certain or uncertain it was, what it included and left out, how it treated various trends and technologies, and so forth.

It seems like people still have lots of questions and objections that weren't answered in the original pod, so I had the idea of having Jenkins back on to get deeper into the modeling. Then I solicited questions on Twitter. It prompted a veritable flood: questions about leases, about carbon capture and sequestration, about the EV tax credits, about heat pumps, and more. There is apparently enormous appetite for further information.

With this bushel of questions and objections in hand, I invited Jenkins back. We ended up talking for so long, about so many parts of the bill, that I have broken this pod up into two episodes.

In this one, we discuss the in’s and out’s of Jenkins’ modeling, the fossil-fuel leases attached to the bill, the subsidies for carbon capture and sequestration in the bill, and what how the bill affects environmental justice.

It's nerdy y'all. Buckle up.