• MrMakabar@slrpnk.net
    link
    fedilink
    arrow-up
    80
    arrow-down
    1
    ·
    1 year ago

    To sum it up. The inital thought was that the bill would be a public investment of $385 billion in renewables, but it seems it will be more in the line of $1.2 trillion, so about three times more money. Certainly a big change and extremly good news.

  • Yepthatsme@kbin.social
    link
    fedilink
    arrow-up
    50
    arrow-down
    1
    ·
    1 year ago

    I don’t like any politicians but I am willing to put this guy or his party back in in 2024. IDC what happens. Another liar zombie conservative is a waste of time and life.

    • HubertManne@kbin.social
      link
      fedilink
      arrow-up
      5
      arrow-down
      2
      ·
      1 year ago

      No doubt. I mean I look back and carter, reagan, bush, clinton, bush bugaloo, obama, trump, and biden and only half of those administrations ever did anything useful for me. I remember when the bush tax cuts allowed me to afford a drink at the bar. woohoo.

  • Rapidcreek@reddthat.com
    link
    fedilink
    arrow-up
    13
    ·
    1 year ago

    This combined with the fact that utilities like renewables due to their cheaper deployment and opex and you’ve got something going. Now all you have to do is accelerate and cap the depreciation of old equipment. Thanks Joe.

  • SamsonSeinfelder@feddit.de
    link
    fedilink
    English
    arrow-up
    14
    arrow-down
    5
    ·
    1 year ago

    Love the idea, but: A lot of rich people will get much more rich. There will be a lot of money wasted on things, that will not work and the grifters will know that it was not gonna work. There are numerous examples from the „green coal“ projects that siphoned off a lot of money with unrealistic ideas without repercussions. The more desperate the world get for fast solutions regarding climate change, the more money will be thrown around unvetted.

    • silence7@slrpnk.netOPM
      link
      fedilink
      arrow-up
      16
      ·
      1 year ago

      Mind you, a lot of is getting spent on things we know work, such as wind, solar, storage, and electrification.

      • HubertManne@kbin.social
        link
        fedilink
        arrow-up
        11
        ·
        1 year ago

        don’t forget insulation. Its the cheapest, easiest, quickest return on investment green thing there is.

    • wahming@monyet.cc
      link
      fedilink
      English
      arrow-up
      13
      arrow-down
      1
      ·
      1 year ago

      The alternative is doing nothing, and we know how that’s gonna turn out

    • SkepticElliptic@beehaw.org
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      1
      ·
      1 year ago

      I recently listened to a podcast where the guest made the argument that the untied states is set up to benefit the petty elite. That means the guy who owns a car dealership or six McDonald’s franchises. Suddenly these people love free government money when they’re getting their hands on it.

      According to this article, much of these tax breaks will go towards electric vehicles. This means that business owners and other 1099 workers like realtors will bend over backwards to justify getting these credits. Overall, this will help shift people away from using gas cars. Not the best outcome to still have all these cars on the road, but it’s a compromise at least.

      It also makes manufacturers build more energy efficient appliances, and solar panels. It will drive the cost of these things down over time as it becomes the default to put in a heat pump HVAC or water heater. We will see more changes in the design of things which makes them more efficient as demand for less efficient units falls off.

      The all or nothing approach was never going to work in the system we have now. It is a dumb compromise, but, it is at least a compromise. It gets the petty elite, that guy with a car dealership or six McDonald’s, to embrace something that is better than what we have now.

  • blazera@kbin.social
    link
    fedilink
    arrow-up
    16
    arrow-down
    7
    ·
    1 year ago

    Goldman Sachs expects higher-than-expected private investment in all green energy categories affected by the IRA, but sees the biggest gains in two areas: electric vehicle production and advanced manufacturing.

    Neither of these are green energy.

    • wheresmydanish@lemmy.world
      link
      fedilink
      English
      arrow-up
      21
      ·
      1 year ago

      Electric vehicle production is green energy in the same way that renewable powerplant construction is green energy. Both enable the US to reduce its reliance on fossil fuels and move towards a more sustainable energy grid.

      • blazera@kbin.social
        link
        fedilink
        arrow-up
        6
        arrow-down
        9
        ·
        1 year ago

        Renewable powerplant produces renewable energy.

        An EV is better than gas cars but it still may be using fossil fuel energy

        • rusticus@lemm.ee
          link
          fedilink
          English
          arrow-up
          9
          ·
          1 year ago

          Your comments hurt our brains. Are you implying that shifting the method of powering transportation to renewables is a bad thing or no better than putting gasoline into an internal combustion engine?

          • blazera@kbin.social
            link
            fedilink
            arrow-up
            6
            arrow-down
            6
            ·
            1 year ago

            you’re getting hung up thinking EV automatically means renewable energy. investing in EV’s in no ways shifts the method of powering them. Investing in renewable energy does that.

            • Kage520@lemmy.world
              link
              fedilink
              arrow-up
              3
              ·
              1 year ago

              You’re technically correct on the surface. But people who get an EV are also probably more likely to get solar in their roof to charge that EV. I think your point though is that some states (I think Idaho?) power homes with fossil fuels, and buying an EV there will give the illusion of making a difference when it’s really about the same.

              I don’t think most states are as bad as that though.

            • rusticus@lemm.ee
              link
              fedilink
              English
              arrow-up
              1
              arrow-down
              1
              ·
              1 year ago

              So you’ve confirmed our worst suspicions about you. Good job.

                • rusticus@lemm.ee
                  link
                  fedilink
                  English
                  arrow-up
                  3
                  ·
                  1 year ago

                  lol. Weird hill to die on for you but whatever. Anyone with half a brain knows we have to transition to EVs so that renewables can power transportation. But I guess that concept is impossible for you to comprehend.

        • MrMakabar@slrpnk.net
          link
          fedilink
          arrow-up
          5
          ·
          1 year ago

          The term used is green energy effected areas. An EV can be run with green energy without any problem. A gas powered car can not. That is the key difference.

        • tetris11@kbin.social
          link
          fedilink
          arrow-up
          3
          ·
          1 year ago

          A guy who smokes 10 packs of cigarettes a day, and then switches 10 E-cigs is still harming himself with nicotine, and still paying money to those same Tobacco companies – but he’s no longer ingesting tar, and is slowly slowly weaning himself off the substance.

      • blazera@kbin.social
        link
        fedilink
        arrow-up
        5
        arrow-down
        2
        ·
        1 year ago

        Im not saying theyre green energy that dont deserve the title, im saying theyre literally not energy production. EVs are an energy use.

        • Zink@programming.dev
          link
          fedilink
          English
          arrow-up
          7
          ·
          1 year ago

          You don’t think green energy use qualifies as a green energy “category” that one could invest in?

          • blazera@kbin.social
            link
            fedilink
            arrow-up
            4
            arrow-down
            1
            ·
            1 year ago

            it’s not green energy use. it’s just energy use. EV’s predominantly run on fossil fuel energy in the US.

            • Zink@programming.dev
              link
              fedilink
              arrow-up
              3
              ·
              1 year ago

              It’s the capability for green energy use, in a very energy-intense application. That possibility is not there with combustion engines.

              We cannot have a green energy economy unless all the usage endpoints consume clean energy rather than hydrocarbons.

              • blazera@kbin.social
                link
                fedilink
                arrow-up
                3
                arrow-down
                1
                ·
                1 year ago

                most things that use energy are capable of using green energy, you wouldnt call an investment in a coffee machine company a green energy investment. We need the green energy first.

                • Zink@programming.dev
                  link
                  fedilink
                  arrow-up
                  3
                  ·
                  1 year ago

                  Anything that already runs on electricity isn’t really part of the discussion then, because there’s no need to change anything at the point of use.

                  A better analogy to the car thing might be investing in (or subsidizing) heat pump production over natural gas furnaces.

            • Kage520@lemmy.world
              link
              fedilink
              arrow-up
              3
              ·
              1 year ago

              True. EVs plus those crappy fossil fuels power plants though are still more efficient at using energy, and thus better environmentally, than ice cars. We really need more nuclear and renewables here though. It’s pretty bad and it doesn’t have to be.

            • hglman@lemmy.ml
              link
              fedilink
              English
              arrow-up
              1
              ·
              1 year ago

              Everyone having a hard ime on this, EV are not green energy production, widhout green poweplants very little changes with more EVs.

    • RvTV95XBeo@sh.itjust.works
      link
      fedilink
      arrow-up
      10
      ·
      1 year ago

      Are you living under a rock? The IRA impacts are everywhere. For my home I was able to leverage a tax credit last year for installing an EV charger.

      There’s rebates on EVs, home efficiency upgrades, solar, batteries, electric (+heat pump) water heaters, etc. etc. etc.

      There’s also tons of money on the table for businesses pursuing cleaner energy, etc.

      • BarrierWithAshes@kbin.social
        link
        fedilink
        arrow-up
        2
        arrow-down
        3
        ·
        1 year ago

        I’m not American. Stuff Biden does seldom reaches here. I just have to go with whatever I hear when I enter the country. I was under the impression fxck-all was happening, and that China was the only one seriously making progress on their green goals. Lord knows Europe’s been slow af.

          • BarrierWithAshes@kbin.social
            link
            fedilink
            arrow-up
            2
            arrow-down
            1
            ·
            1 year ago

            Was actually not aware that emissions have gone down. Much more used to the US not doing anything or actively screwing people over (such as the arrest of Donziger) but at least it’s going down.

            Those increases by China are used by opponents of climate action to argue that it’s not worth doing anything,
            Hate that too.

            China has been doing thins to curb emissions and generally fix the environment like the Gobi tree wall. Course there’s plenty more that could be doing but I digress.

            • silence7@slrpnk.netOPM
              link
              fedilink
              arrow-up
              3
              ·
              edit-2
              1 year ago

              It is; things could be worse than they are. The problem is that both absolute and per-capita emissions are going up, to the point where China crossed over to be the largest emitter on a national-total basis, and we’re at the point where they need to be going down.

        • MrMakabar@slrpnk.net
          link
          fedilink
          arrow-up
          8
          ·
          1 year ago

          Per capita CO2 emissions in 2021:

          Country Emissions per capita
          USA 14.86
          China 8.05
          EU 6.28
          World 4.69

          Change in % since 2011:

          Country Change in %
          USA -15.92
          China 14.59
          EU -17.00
          World -3.73

          In other words Europe is pretty fast in reducing emissions, from a higher then global average. China was well below global average and has increased emissions by a lot. Seriously the EU has some pretty good laws to reducing emissions and is besides Latin America one of the regions with the best relation between quality of life to emissions. France and Spain even have per capita emissions close to the global average.