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Supercharging US Clean Energy & Achieving Net Zero 2050 Globally | GZERO World with Ian Bremmer

Supercharging US clean energy & achieving net zero 2050 globally

Despite its name, the US Inflation Reduction Act won't do much to tame rising prices. But it will do a lot to fight climate change by giving American families and businesses carrots to use more clean energy rather than sticks from guzzling fossil fuels.

What's in the bill, and how will it help accomplish the Biden administration's climate goals?

On GZERO World, Ian Bremmer speaks to US Energy Secretary Jennifer Granholm, who explains how Biden's climate bill will do things like bring back energy manufacturing jobs or help the US show up at the upcoming COP27 climate summit in Egypt as a global leader on clean energy. She also touches on Europe's current energy woes and hopes for an opening on climate cooperation with China.

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Rishi Deka/Sipa USA via Reuters Connect

Podcast: Biden's climate bill sets US up to lead on clean energy, says Sec. Jennifer Granholm

Listen: The Biden administration has pushed through the single largest climate spending package in US history. US Energy Secretary Jennifer Granholm joins Ian Bremmer on GZERO World to discuss how the new law could help the United States and the world respond to climate change. The Inflation Reduction Act is Biden's biggest legislative win since the American Rescue Act early in his term in office. It is intended to fight climate change by slashing carbon emissions from power generation and transport. According to Granholm, it will help 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. She also shares her perspective on Europe's current energy woes and hopes for an opening on climate cooperation with China.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.

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

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

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.

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The Graphic Truth: EVs charging up in major economies

Globally, electric vehicle sales are higher than ever. China is the world’s biggest user of EV's, followed by the EU and then the US. According to Bloomberg, the global clean road transport market was worth around $244 billion in 2021. Our choices for EV vehicles are also on the rise. Today, there are more than 500 zero-emission models available across all brands globally. New targets by the US, EU, and China indicate that EV's will be roughly 20-30% of car sales in those markets by 2025. But the EU has what China and the US don’t: phase-outs of internal-combustion engines, which means there will be increased demand there versus elsewhere. Will automakers be able to keep up?

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