Register today for “Navigating the Inflation Reduction Act” webinar
In this GreenBiz piece about the Inflation Reduction Act, Terry F. Yosie writes:
“As documented by economist Mariana Mazzucato (“The Entrepreneurial State“) and others, the United States has practiced industrial policy on a grand scale throughout the entirety of the post-World War II era through investments in the creation of the Internet, telecommunications, the Interstate Highway System, pharmaceuticals and robotics, to name a few.
Using the federal government’s unique ability to socialize risks, the Inflation Reduction Act makes explicit that it will provide the visible, guiding hand to directly invest in a suite of new and existing technologies to advance national competitiveness, energy security, greenhouse gas reductions, energy and transportation technology innovations, transformation of the electricity grid, environmental justice and support of underserved communities.
[With Congressional passage of the Inflation Reduction Act] the U.S. government will participate in the funding of research and development, commercialization and scaling of multiple families of technologies to achieve a 40 percent reduction of greenhouse gasses by 2030.
Because the Inflation Reduction Act relies primarily upon financial incentives rather than regulations to achieve its outcomes, there are numerous opportunities to build even stronger economic and political coalitions in the future.”
So how do we in Washington put those federal financial incentives to work, to fund innovation research, commercialization and scale-up?
What incentives are available?
How do the federal incentives work with state funding?
What should I do now?
Join us online, on Zoom, on Wednesday, October 19 from 12-1 pm PT to learn from the experts:
Christine Rolfes, Senator, Washington State Legislature
Senator Rolfes represents the 23rd Legislative District and serves as Chair of the Ways and Means Committee. In addition, Senator Rolfes is the Senate’s chief budget writer and negotiator, and helped shepherd passage of historic investments in clean energy through the state operating budget.
Sam Ricketts, Co-Founder, Evergreen Action
Sam Ricketts is a co-founder and co-director for Evergreen Action, a group of former Inslee for America staffers leading the fight to put bold climate action at the top of America’s agenda. Since its founding in 2020, Evergreen Action has played a pivotal role in the development of national climate policy, with major influence shaping and advancing President Biden’s climate agenda, including the Inflation Reduction Act. Ricketts is also a nonresident senior fellow at the Center for American Progress.
Hilary Moffett, Vice President, Fortescue Future Industries
Hilary Moffett is a Vice President of Fortescue Future Industries (FFI). FFI is a global green energy company committed to producing zero-carbon green hydrogen from 100% renewable sources. The company has announced it will evaluate the feasibility of converting the former Centralia, WA coal mine into a green hydrogen production facility.