Bloomberg Law
Sept. 23, 2022, 8:36 PM

Climate Bill’s ‘Carrot’ Incentives Draw International Interest

Dean Scott
Dean Scott

Countries that have staked their climate solutions on modest government investments in technology or mandatory limits on planet-warming greenhouse gases are welcoming the US’s first step toward big climate policies, but aren’t likely to abandon their approaches just yet.

The US climate legislation signed into law in August allocates roughly $370 billion to dramatically expand renewable energy, carbon capture and storage, and electric vehicles, touching off more than a decade of policies built largely on tax credits.

Energy Secretary Jennifer Granholm predicted other competing economies will almost certainly have to respond.

“I think that every country is watching to see ...

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