After decades of inaction and failed attempts, the U.S. has finally passed federal legislation addressing climate change. The Inflation Reduction Act (IRA) is groundbreaking not only in its efforts to reduce greenhouse gas emissions, but also in how it demonstrates that we don’t have to choose between good jobs and action on the climate. By including strong labor standards in incentives for clean energy and energy efficiency work, the IRA will help build a high-road green economy, creating good jobs and clear pathways into them.
As we discuss in our 2020 report, Putting California on the High Road: A Jobs and Climate Action Plan for 2030, these kinds of labor standards are essential to maximizing shared prosperity as we fight climate change. California has been a leader in crafting ambitious, pro-worker climate policy, and the IRA presents an important opportunity for the state to build on its prior achievements, and grow good, union jobs in clean energy construction and manufacturing.
The IRA invests over $390 billion in clean energy and climate change mitigation through such tools as tax credits, loans, grants, and rebates. Its investments will dramatically alter the energy landscape in the U.S., shifting the market away from fossil fuels and toward cleaner sources. The law targets multiple sectors, including energy, transportation, manufacturing,...
A pair of former executives at fund manager Blue Horizon Asset Management are being sanctioned by the U.K.’s Financial Conduct Authority (FCA) amid allegations that they made false statements in a...