The investment-led approach to climate only works if you actually do it

The investment-led approach to climate only works if you actually do it

The centerpiece of the Democratic Party’s Biden-era legislative agenda was climate change — specifically, the investment-led approach to emissions reduction in the energy titles of the Inflation Reduction Act. In other words, instead of trying to pass a law that would raise the price of fossil fuels or restrict people’s ability to use them, they passed a law that allocated hundreds of billions of dollars across different tax credit programs to t…