Article Summary –
Energy Secretary Jennifer Granholm expressed doubt that a future Republican president and Congress would repeal President Joe Biden’s climate law due to its benefits being realized by Americans. Granholm’s team is working to ensure the billions of dollars in grants and tax credits from the 2022 Inflation Reduction Act are quickly deployed. She believes this rapid deployment will insulate the law from future attacks, a sentiment echoed by Biden’s senior adviser for international climate policy, John Podesta, who said businesses’ reliance on the law’s tax credits would make it difficult to roll back.
Energy Secretary on Future of Biden’s Climate Law
US Energy Secretary Jennifer Granholm anticipates that President Biden’s crucial climate regulation could withstand potential future Republican attempts to repeal it, given the tangible benefits being experienced by Americans.
During a recent Miami Beach event, Granholm confirmed her team’s commitment to swiftly allocate the significant budgetary allotment awarded by the 2022 Inflation Reduction Act. The goal is to safeguard the grant and tax credit provisions from any future political opposition.
Granholm emphasized the Department of Energy’s current strategy in her remarks at the Aspen Ideas: Climate conference: “Deploy, deploy, deploy. Our mission is to get as much of this funding out as quickly as we can. We want the benefits to be firmly established.”
Granholm’s sentiment aligns with recent assertions from John Podesta, Biden’s latest appointee as senior advisor for global climate policy. He expressed last week that the Inflation Reduction Act’s provisions could prove challenging to rescind, as firms have become increasingly reliant on the Act’s tax incentives. More details here.
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