Despite insufficient levels of investment the IRA remains a big win, especially as a symbol of America's commitment to climate action.
Catherine Wolfram says that if the U.S. were to institute a carbon fee, it would be a major step towards a worldwide carbon price.
“The pathways to net zero involve significant electrification,” says Catherine Wolfram. “We would be expecting [electricity use] to increase.”
"For such a large, economically important commodity, we have surprisingly low visibility into the prices that are paid."
"This moment in history provides ample reminders that a world more reliant on clean energy would also be a safer world."
"While individual nations bear the full costs of their climate policies the benefits accrue to the global community."
Professor Catherine Wolfram has proposed imposing a price cap on Iranian oil, similar to the price cap on Russian oil.
"We need to break the cycle of petrostates benefiting from fomenting violence."
"Wars are won and lost on battlefields. But public finance plays a critical role in determining what the combatants can afford."
