![]() In the lead-up to the November electionjilipark, Donald Trump threatened to “terminate” President Biden’s signature climate law, the Inflation Reduction Act, calling it the “Green New Scam.” Whether or not he kills the law, he is committed to slowing America’s transition from fossil fuels to clean energy — and few Americans seem concerned. Recent polling found that only 24 percent of registered voters felt that the Inflation Reduction Act had positively affected them. Some 19 percent said it had negative effects, 24 percent said it was a mix, 16 percent said it hadn’t affected them at all, and 17 percent said they didn’t know. If Democrats want to win voters with policies that avert catastrophic climate change, they need to bring immediate, material benefits to the working class. That means folding climate policies into an agenda that tackles the cost-of-living crisis. This is green economic populism. Even under Mr. Trump, progressives can build momentum around this agenda in cities, towns and states. Among national universities, Princeton was ranked No. 1 again,pnxbet followed by the Massachusetts Institute of Technology and Harvard. Stanford, which tied for third last year, fell to No. 4. U.S. News again judged Williams College the best among national liberal arts colleges. Spelman College was declared the country’s top historically Black institution. The problem with the Inflation Reduction Act was that it was an awkward compromise between neoliberal, market-based policy and government intervention. By mobilizing public investment through tax credits and other incentives, it effectively asked companies and affluent consumers to lead the transition. The Department of Energy estimates that the Inflation Reduction Act and the Bipartisan Infrastructure Law have prompted $400 billion in announced investment across the renewable energy, battery and electric car sectors, probably creating about 400,000 jobs — a welcome infusion in some places but a rounding error overall for a labor force of 168 million people. Yet fewer than 3 percent of tax filers in 2023 took advantage of new credits for energy efficiency and rooftop solar; even then, the wealthiest 25 percent of households captured 66 percent of the incentives. The same thing happened with electric car purchases: Households making over $100,000 are far more likely to own electric cars than those earning less. Though the Inflation Reduction Act includes investments in disadvantaged communities, these are a tiny fraction of overall spending. We are having trouble retrieving the article content. lucia bet slotPlease enable JavaScript in your browser settings. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.jilipark |