Biden’s carrot patch: The whole (energy) world loves the Inflation Reduction Act ...Middle East

The catalyst for clean energy investment has always been a mix of regulatory “sticks” and industrial policy “carrots.” For now, industrial policy is on the ascent. Last week U.S. Secretary of Energy Jennifer Granholm walked into S&P Global’s CERAWeek (an 8,000-delegate conference sometimes called the “Davos of Energy”) advertising a big, fat, juicy bag of carrots — courtesy of the Inflation Reduction Act (IRA). “[That’s] 10 years of IRA carrots you can take to the bank,” she proclaimed. Indeed, sometimes CERAWeek looked like an industry stampede toward a Biden administration carrot patch — a stampede that promises to unleash an avalanche of investment and innovation in the years to come.

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Last updated : 11 March 2023 clock 09:56 PM

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Biden’s carrot patch: The whole (energy) world loves the Inflation Reduction Act ...Middle East

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