OIES Podcast - US Inflation Reduction Act

Podcasts - Oxford Institute for Energy Studies

In this podcast, Hasan Muslemani talks to Andrew Goddard about his latest paper entitled ‘Deal or No Deal: Will the US Inflation Reduction Act (IRA) push Carbon Capture and Storage (CCS) and Carbon Dioxide Removal (CDR) technologies over the line?’. The author evaluates the unprecedented support for climate and the clean energy transition under the IRA, in particular in relation to 45Q tax credits, and examines its effectiveness in mobilizing private finance for these nascent clean technologies. The author further highlights that despite support under 45Q alleviating some of the economic risks inherent in expensive technologies such as direct air capture (DAC), other risks, including technology, cross-chain and political risks are likely to persist.