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John Kerry: ‘The IRA Is Working on Overdrive’

The U.S. special envoy for climate responds to critics of the Inflation Reduction Act.

By , the editor in chief of Foreign Policy.
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It’s a strange year for climate policy in the United States. On the one hand, supporters of U.S. President Joe Biden point out that his White House has overseen a dramatic U-turn from the days of the Trump administration in terms of promoting decarbonization and clean energy and should be lauded for passing the (admittedly strangely titled) Inflation Reduction Act. But there’s also an important strand of criticism from economists arguing that however well-meaning the Biden administration’s policies may be, they are destined to backfire because they are essentially protectionist and could lead to a dangerous subsidies race.

Ravi Agrawal is the editor in chief of Foreign Policy. Twitter: @RaviReports

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