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This is a very good analysis, and an under-reported impact of the #InflationReductionAct: significant reduction in US fossil fuel demand. eenews.net/articles/clima…
The climate provisions of the #InflationReductionAct can be summarized in 3 words: Deploy, deploy, deploy. Clean energy = cheap energy, and if you build it, it will run. You can't subsidize a coal plant enough to make it compete against a plant with no marginal operating cost
Moreover, the fossil fuel industry has become so fat, drunk on subsidies and stupid when it comes to market demand. Dean Wormer told us that's no way to go through life. It also makes them really vulnerable. imf.org/en/Topics/clim…
