Why the Biden administration is pouring billions into direct air ... - NPR
Why the Biden administration is pouring billions into direct air capture : The Indicator from Planet Money : NPR
Giant vacuums and other government climate bets
Global Thermostat's pilot plant for direct air carbon capture, on April 4, 2023, in Brighton, Colorado. The company is also receiving funding from the U.S. Department of Energy to build a plant with 1,000 times the capacity of this demonstration plant. Hart Van Denburg/CPR News/Hart Van Denburg/CPR News hide caption
Global Thermostat's pilot plant for direct air carbon capture, on April 4, 2023, in Brighton, Colorado. The company is also receiving funding from the U.S. Department of Energy to build a plant with 1,000 times the capacity of this demonstration plant. Hart Van Denburg/CPR News/Hart Van Denburg/CPR News
Yesterday we brought you a debate over whether the government should subsidize industries in the name of economic growth and societal benefits. Today on the show, we zero in on the climate industrial policy of the Biden administration, which is funneling billions into experimental projects that promise to remove, capture and store carbon. It's an effort by the U.S. to meet its ambitious climate goals, but it's not without its skeptics.
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Industrial policy, the debate! ( Apple Podcasts/ Spotify)
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Related Knowledge Center: Climate legislation
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.