Investment is rising in America’s clean energy sector. According to the Clean Investment Monitor, a joint project of the Rhodium Group and MIT, the sector received $213 billion in new investment over the past year, a 37% increase over the previous year.
This new investment brings new challenges, such as implementing the Inflation Reduction Act (IRA), translating money into infrastructure, sustaining support for the energy transition, and fending off economic competition from abroad.
How is the surge of clean energy investment changing the American economy? What sectors and regions are benefitting the most? And what is still needed to get the U.S.on track to meet its climate goals?
This week host Jason Bordoff talks with Brian Deese about IRA implementation, green industrial strategy, and national security.
Brian was the director of the White House’s National Economic Council from 2021 to 2023. Prior to that, he served in the Office of Management and Budget and as a senior advisor to President Barack Obama, as well as global head of sustainable investing for BlackRock. Since leaving government, he has taken up a post as Institute Innovation Fellow at MIT, where he plays a key role in developing the Clean Investment Monitor.