The Biden Administration’s Green Industrial Policy

The Inflation Reduction Act, passed last year, aims to accelerate the clean energy transition, and benefit American workers, communities, and manufacturers. It does so by providing large amounts of funding to the domestic clean energy sector, paired with certain requirements for materials and technologies to be produced in the U.S.. But accelerating climate action is a big task, to say nothing of fostering economic fairness and opportunity in the process. How can the Biden administration move forward on all these different priorities simultaneously? How will its domestic climate agenda impact the U.S. economy? And what is the role of industrial policy in a world undergoing an energy transition? This week host Jason Bordoff talks with Heather Boushey about the nuances of the Biden administration’s domestic climate policy and how it fits into their broader economic plans. They also discuss what it means to use industrial policy in furtherance of the energy transition.   Heather is currently a member of the Council of Economic Advisors for the Biden administration and chief economist to the Biden administration’s “Invest in America” cabinet. Heather works on domestic investment and implementation of infrastructure and clean energy laws. She previously co-founded the Washington Center for Equitable Growth, where she served as chief economist, president and CEO. She has also held the position of chief economist for the Center for American Progress.