Granholm: Climate law resilient to GOP attacks

87

TL/DR –

Energy Secretary Jennifer Granholm expressed uncertainty over whether a future Republican president and Congress would repeal President Joe Biden’s landmark climate law. She emphasized the need to quickly deploy the billions of dollars in grants and tax credits in 2022’s Inflation Reduction Act to make it resilient to future political attempts to dismantle it. Her remarks mirror those of John Podesta, Biden’s senior adviser for international climate policy, who stated that it would be difficult to roll back provisions in the Inflation Reduction Act as businesses become reliant on its tax credits.


Energy Secretary Granholm’s Affirmation on Protecting Biden’s Climate Law

Energy Secretary Jennifer Granholm has openly questioned whether a future Republican president and Congress would dare to repeal President Joe Biden’s transformative climate law, with Americans already experiencing its advantages.

While in Miami Beach, Florida on Monday, Granholm emphasized her team’s dedication to promptly utilize the vast funds in grants and tax credits provided by 2022’s Inflation Reduction Act, as a safeguard against potential future challenges.

Granholm’s mantra for the Department of Energy, “Deploy, deploy, deploy,” clearly indicated at the Aspen Ideas: Climate conference, the urgency to secure the implementation of this climate law.

John Podesta, Biden’s newly appointed senior adviser for international climate policy, echoed Granholm’s sentiments. He asserted last week that the Inflation Reduction Act’s provisions would be tough to retract as businesses are becoming increasingly dependent on the law’s tax credits.


Read More US Economic News