Report from @rhodium_group: even without a fee on methane emissions, Clean Electricity Performance Program (CEPP), repeal of fossil fuel subsidies, or a carbon tax, the US can meet its climate objectives with rest of 2 packages and aggressive regulation. rhg.com/research/us-cl…
But it will require every branch and level of government to go big, if we are to eliminate the equivalent of a range of four Californias to three Texases by 2030.
The authors do not mince words: "Closing the emissions gap will be one of the most challenging things the US has ever attempted."
Report assumes that these policies stay in the bipartisan and Build Back Better bills.
Report also assumes that authorities from the New Deal's Commodities Credit Corporation, to Nixon's Clean Air Act, to Ford's Energy Policy and Conservation Act, are used to the hilt.
The report notes the legal risks involved in the enterprise.
US states are also going to have to play a major role.
Finally, the report notes some additional novel steps that could be taken under procurement laws, the Clean Air Act's rules around US international commitments, and more.
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Last week’s historic announcement of a global minimum tax agreement among 136 nations was rightly celebrated as a victory not only for the economy but for democracy.
After 100 years of tax rules that gave multinational capital ample places to hide and evade social responsibilities, the biggest multinational corporations will now be taxed at least partly based on where they actually do business.
One of the best proposals in the current legislative negotiations was Chris Coons' Industrial Finance Corporation - a $500 billion national development bank that could fund decarbonization and reshoring of supply chains. See @yayitsrob here: theatlantic.com/science/archiv…
The proposal would have put the US about even with KfW - the German development bank that @Thomas_Marois has written extensively about.
Though it still would have been only a fraction of China's $2.4 trillion development bank.
Highly recommend @stephenwertheim's newish book, "Tomorrow, the World."
A close look at how FDR outsourced a lot of postwar planning to private business and think tank leaders, who used racist arguments and discourse policing to remake internationalism. hup.harvard.edu/catalog.php?is…
It helps solve the puzzle of how we glided from a hemispheric and solidaristic orientation of the Good Neighbor policy in the early FDR years to eventually 800 bases globally. nytimes.com/2009/07/14/opi…
Adds to our understanding of the complexity of the Roosevelt administration. The same admin had folks that engaged in extensive economic planning, and folks that sought to make economic planning more difficult after the war. cambridge.org/core/books/gen…
The US Innovation and Competition Act, which passed the Senate on a bipartisan basis earlier this month, included the Build America, Buy America Act, which significantly tightens Buy American rules. congress.gov/bill/117th-con…
The congressional findings section makes clear the multifaceted reasons why the spending of tax dollars for procurement purposes is unlike spending by private market actors.
The bipartisan agreed definition of "infrastructure" goes beyond the "roads and bridges" definition some in the GOP have insisted on, and included water and broadband.