this post was submitted on 24 Apr 2024
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It's likely the biggest piece of climate policy the world has ever seen. Estimated to be close to $1.3 trillion in total investment, nearly entirely in renewables and their halo.
It's completely changing the entire market. The wonks who really get deep in policy are ecstatic about it. An amazing bill that does so much to make immediate changes, but is also structured to build longterm constituency in climate tech -- it will certainly make it way easier to pass even more aggressive climate policy in the future, at least provided Trump doesn't get back in and just gut it next year. Like many good pieces of policy, the longer it continues to exist the harder it will be to repeal.
It's a rare time to hope. Biden's legacy, if it doesn't get completely destroyed by his heinous approach to Gaza, should be as the climate president.
Progressives and lefty types don't want to hear it though. They are at full "bitch eating crackers" hate of Biden and are uninterested to challenge those prejudices.