By Benjamin Hulac
This suite of measures would help blunt economic pain for American consumers, said Gernot Wagner, a climate economist at Columbia University. The name for the new bill, the Inflation Reduction Act, “is 100% accurate: Clean energy investments are anti-inflationary,” he said. “The remedy for ‘fossilflation’ is to get off fossil fuels.”
Quoted in: “Climate bill said to put emission goals in ‘striking distance’” by Benjamin Hulac, RollCall (1 August 2022).