Inflation Reduction Act will lower energy costs & bring back jobs, says US energy secretary

September 08, 2022

Inflation Reduction Act Will Lower Energy Costs & Bring Back Jobs, Says US Energy Sec | GZERO World

The Inflation Reduction Act is the Biden administration's biggest legislative win since the American Rescue Act early in his term in office. But what will the bill accomplish?

Energy Secretary Jennifer Granholm says it'll fight climate change by giving Americans incentives to use renewable energy in their cars and homes. And that, in turn, will lower the cost of energy prices at home.

But what Granholm is really excited about is how the IRA will boost the domestic energy manufacturing sector — a big deal for someone who watched so many jobs go overseas as the former governor of Michigan.

The IRA, she tells Ian Bremmer on GZERO World, will encourage reshoring many of those jobs.

From Your Site Articles

Hard Numbers: Bolivia’s left-wing streak ends, small boats continue sailing to the UK, Canadians strike, Africa wants to put its real size on the map

People celebrate after early official results show Bolivian presidential candidate Jorge "Tuto" Quiroga of the conservative Alianza Libre coalition in second place, and as the ruling party Movement for Socialism (MAS) was on track to suffer its worst electoral defeat in a generation, in Santa Cruz, Bolivia, August 17, 2025.

REUTERS/Ipa Ibanez

20: The centrist Rodrigo Paz and the conservative Jorge Quiroga advanced to Bolivia’s presidential runoff election after winning the most votes in Sunday’s first round, ensuring that a left-wing politician won’t occupy the country’s presidency for the first time in 20 years.

Inflation Reduction Act will lower energy costs & bring back jobs, says US energy secretary

GZEROMEDIA

More from GZERO Media

Zelensky, Trump, and NATO: A united front on Ukraine?

Ian Bremmer breaks down Zelensky’s latest trip to meet with Trump in Washington, this time joined by a united front of European leaders.

Hard Numbers: Bolivia’s left-wing streak ends, small boats continue sailing to the UK, Canadians strike, Africa wants to put its real size on the map

20: The centrist Rodrigo Paz and the conservative Jorge Quiroga advanced to Bolivia’s presidential runoff election after winning the most votes in Sunday’s first round, ensuring that a left-wing politician won’t occupy the country’s presidency for the first time in 20 years.

What We’re Watching: Zelensky’s turn to meet with Trump, Israelis protest against Bibi again, Hong Kong media mogul faces trial

Graphic Truth: 100 Years of Category 5+ Hurricanes in North America

Hurricane Erin intensified quickly over the weekend, becoming a Category 5 storm packing wind speeds of 160 miles per hour.

In Sudan, the skies have turned deadly

GZEROMEDIA

Why Pakistan sees China as a "force for stability"

Pakistan and China have deep strategic and economic ties that go back decades. On GZERO World with Ian Bremmer, Former Pakistani Foreign Minister Hina Khar explains why Pakistan sees China as a “force of stability” in Southeast Asia.

India vs. Pakistan: Rising tensions in South Asia

Following a terrorist attack in Kashmir last spring, India and Pakistan, both nuclear powers, exchanged military strikes in an alarming escalation. Former Pakistani Foreign Minister Hina Khar joins Ian Bremmer on GZERO World to discuss Pakistan’s perspective in the simmering conflict.

Pakistan needs to stand up to India, says former Foreign Minister Hina Khar

Former Pakistani Foreign Minster Hina Khar joins Ian Bremmer on the GZERO World Podcast to discuss the intense, four-day conflict with India last spring, Pakistan’s perspective, and the dangers of rapidly escalating tensions between two nuclear-armed nations.

The Alyaska summit

Putin and Trump get to yes. #PUPPETREGIME

Why India and Pakistan can't get along

A military confrontation between India and Pakistan in May nearly pushed the two nuclear-armed countries to the brink of war. On Ian Explains, Ian Bremmer breaks down the complicated history of the India-Pakistan conflict, one of the most contentious and bitter rivalries in the world.

Inflation Reduction Act will lower energy costs & bring back jobs, says US energy secretary

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

More from GZERO Media

Ian Bremmer breaks down Zelensky’s latest trip to meet with Trump in Washington, this time joined by a united front of European leaders.

20: The centrist Rodrigo Paz and the conservative Jorge Quiroga advanced to Bolivia’s presidential runoff election after winning the most votes in Sunday’s first round, ensuring that a left-wing politician won’t occupy the country’s presidency for the first time in 20 years.

Hurricane Erin intensified quickly over the weekend, becoming a Category 5 storm packing wind speeds of 160 miles per hour.

GZEROMEDIA

Subscribe to GZERO Media's newsletter: Signal

Pakistan and China have deep strategic and economic ties that go back decades. On GZERO World with Ian Bremmer, Former Pakistani Foreign Minister Hina Khar explains why Pakistan sees China as a “force of stability” in Southeast Asia.

Following a terrorist attack in Kashmir last spring, India and Pakistan, both nuclear powers, exchanged military strikes in an alarming escalation. Former Pakistani Foreign Minister Hina Khar joins Ian Bremmer on GZERO World to discuss Pakistan’s perspective in the simmering conflict.

Former Pakistani Foreign Minster Hina Khar joins Ian Bremmer on the GZERO World Podcast to discuss the intense, four-day conflict with India last spring, Pakistan’s perspective, and the dangers of rapidly escalating tensions between two nuclear-armed nations.

Putin and Trump get to yes. #PUPPETREGIME

A military confrontation between India and Pakistan in May nearly pushed the two nuclear-armed countries to the brink of war. On Ian Explains, Ian Bremmer breaks down the complicated history of the India-Pakistan conflict, one of the most contentious and bitter rivalries in the world.