Conservatively speaking, we are not doing enough to address climate change. The White House estimates that the $386 billion in incentives for low-carbon technologies in the Inflation Reduction Act will decrease U.S. greenhouse gas emissions by about 40 percent below 2005 levels in 2030. Conservatives, like me, think that U.S. emissions were already trending downward, probably 24-32 percent without the Inflation Reduction Act, which means we will borrow and spend $386 billion to reduce U.S. emissions by 8-16 percent. (I’m also painfully aware that Republican policymakers were on the sideline during these policy negotiations.) Globally, climate change will get worse. All economies, r
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