From Mary Sagatelova <[email protected]>
Subject On the Grid: Someone Call Joe Biden Because We’re Building Back Better
Date September 9, 2022 6:33 PM
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The August passage of the Inflation Reduction Act was a historic action to make American energy clean, affordable, reliable, and secure, and meet our ambitious climate goals.

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Hi John,

The August passage of the Inflation Reduction Act was a historic action to make American energy clean, affordable, reliable, and secure, and meet our ambitious climate goals. Combined with the CHIPS Act and Bipartisan Infrastructure Law before it, this trio of legislation will provide well over $500 billion in public investment to spur a clean energy industrial revolution in virtually every sector of the economy.

If this succeeds, we will be able to turn clean energy from what too many people still believe is an environmentalist-pushed “cause” into the foundation of American re-industrialization that can make our country more secure, and make our energy more affordable, reliable, and zero carbon. Robinson Meyer

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provided an excellent analysis in The Atlantic of how the legislative successes could help shape a clean energy boom.

Third Way has been leading the fight for more than a decade to use innovation and every low-carbon option to make clean energy cheap. While we should all celebrate this victory, it is not the moment to slow down. Implementation of policy and investment is where things very often go wrong. The next step, of course, will be to build a lot of clean projects very quickly. Shannon Osaka

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wrote about this challenge in The Washington Post. The next few years are absolutely critical (and time-consuming and complicated) to making sure our wins translate into technologies invented, investments made, and a lot of projects built.

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Three new laws signed by President Biden position America to lead a global clean energy industrial era. Third Way invites you to an in-person event

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on Thursday, Sept. 15 at 10:00 AM ET featuring Secretary of Energy Jennifer Granholm on the significant and lasting economic benefits from clean energy innovation driven by American researchers and scientists, manufactured by American businesses and workers, and deployed at home and around the globe.

The investments in the Inflation Reduction Act, Bipartisan Infrastructure Law, and CHIPS and Science Act will cultivate domestic industries and help America compete within booming global markets for clean technologies. Sec. Granholm will be joined by leaders from the private sector and policy experts to discuss groundbreaking new research by Boston Consulting Group, commissioned by Third Way and Breakthrough Energy, that shows that the industries supporting six clean energy technologies alone could grow by over $60 trillion globally between now and 2050, roughly three times the size of today's US GDP.

RSVP HERE!

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WHEN AMERICA LEADS: COMPETING FOR THE FUTURE OF CLEAN ENERGY

Thursday, September 15, 2022

10:00 AM-11:30 AM EST (Doors at 9:15 AM)

Hamilton Live

600 14TH ST NW, Washington DC, xxxxxx

Nuclear energy is currently our largest source of carbon-free electricity and a key player in our overall clean energy mix if we hope to reach net-zero by 2050. We’re seeing more policymakers recognize the role nuclear can play and move to keep existing plants open or add new, advanced nuclear power to help decarbonize more rapidly.

Last week in California, Governor Gavin Newsom signed a bill

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to keep Diablo Canyon, California’s last nuclear power plant, open and operating for an additional 5-10 years. The legislation offers PG&amp;E a forgivable $1.4 billion loan to keep the plant operational, contingent on assurance from the federal government’s new $6 billion Civil Nuclear Credit Program

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and approval from the Nuclear Regulatory Commission.

Across the Atlantic, Belgium

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announced it would extend the life of its plants, pressure is mounting for Germany

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to do the same thing despite strong opposition from the Green Party that is part of its governing coalition, and public support for keeping plants open in Switzerland

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is growing. In Japan, the national government also recently announced

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that it will reverse its post-Fukushima decision to idle much of its nuclear fleet and instead will restart more of its existing plants and develop advanced reactors.

We have always been strong advocates for a technology-inclusive clean energy mix, including nuclear energy for countries that want or need it. Modeling from our European initiative, Carbon Free Europe

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, shows that Germany’s decision to close its nuclear plants severely compromised its energy independence. Over a third

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of Germany’s electricity will have to be imported by 2050 with nuclear out of the equation.



Here’s a fun fact: nearly one-third of all the food we eat comes from food pollinated by honeybees. Here’s a less fun fact: nearly one-third of Americans are unaware of the historic provisions in the Inflation Reduction Act. Only 29% of Americans have heard a lot about the Inflation Reduction Act, according to polling from Climate Power and the League of Conservation Voters

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, but after learning about the bill, 63% held a favorable opinion.

The Inflation Reduction Act is bringing key supply chains back home and giving American industries the tools they need to invent and manufacture clean energy technologies at the scale we need to shore up American energy security and voters love it! Polling from Data for Progress

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shows that a majority of voters (51%) think the bill will increase American energy security.



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Democrats have delivered the single most influential climate policy in American history and now they have to talk about it every chance they get! We already saw the perils of failing to communicate the bill’s benefits–less than a quarter

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of Americans knew the Bipartisan Infrastructure Deal was law over 6 months after President Biden signed the bill. We can’t let this happen again. The task ahead of Democrats is simple: brag about the massive cost-saving wins that the Inflation Reduction Act will deliver for Americans.



California recently announced

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a rule to phase out the sale of new gas-powered cars and move towards 100% zero-emission vehicle sales by 2035. This was greeted with consternation by some that drivers would be forced to buy vehicles they could not easily charge.

Dr. Ellen Hughes-Cromwick, Senior Resident Fellow for the Climate and Energy Program, and Alex Laska, Senior Policy Advisor for Transportation, analyzed the potential build-out of charging stations in the US. As they show in an updated map

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, the $5 billion in funding from the Bipartisan Infrastructure Law will have a big impact in deployment across all 50 states. This could help pay for the installation of as many as 34,500 DC fast chargers and create nearly 16,000 jobs across the country as chargers are built, installed, and maintained.

On Wednesday, Josh Freed, Senior Vice for President for Climate and Energy, joined our friends at the Royal Norwegian Embassy to moderate discussions among Jan Christian Vestre, Norway’s Minister of Trade and Industry, Robin Millican, Director of Policy and Advocacy at Breakthrough Energy, Lars Røsæg, Deputy CEO of Norwegian Chemical company Yara International, and Dr. Varun Sivaram, a clean energy technology advisor to U.S. Special Presidential Envoy for Climate John Kerry.



Left to Right: Jan Christian Vestre, Norway’s Minister of Trade and Industry, Robin Millican, Director of Policy and Advocacy at Breakthrough Energy, Dr. Varun Sivaram, clean energy advisor to US Special Presidential Envoy for Climate John Kerry, Josh Freed, Senior Vice President of Climate and Energy at Third Way, and Lars Røsæg, Deputy CEO of Yara International.

The panel brought together government and industry perspectives to discuss the First Movers Coalition

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(FMC), a US-led initiative launched at COP26 that leverages the immense purchasing power of the private and public sectors to accelerate the clean energy transition.

The coalition brings together over 50 global companies and 9 country partners, of which Norway was the first to join, to reduce the massive carbon footprint of hard-to-abate sectors like aluminum and steel manufacturing, shipping, and trucking. By mobilizing private equity and advanced purchase commitments, FMC is creating a market for breakthrough clean energy innovation and cleaner production!

The panel made one thing clear–US leadership on the world stage is essential. The panelists emphasized that the Inflation Reduction Act, both bolstered US climate leadership and will help enable countries across the globe to deploy clean energy technologies by driving down costs.



Tim McDonnell

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in Quartz declares that the passage of the Inflation Reduction Act, CHIPS Act, and Bipartisan Infrastructure Law spells the end of the boom and bust cycle for clean tech investment.

Faith Birol

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, in The Financial Times, spells out three myths around the Russian-caused energy crisis in Europe and how clean energy is helping, not hindering, the underlying issues.

McKenzie Wilson and Marcela Mulholland

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, in On Offense, break down public opinion around the Inflation Reduction Act, providing important insight into how everyday Americans are thinking about the legislation.

The Inflation Reduction Act is cutting emissions across hard-to-abate sectors in American manufacturing. Our

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thread gives a quick run-down on how!

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A thread from our Carbon Free Europe

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initiative outlines a new strategy for the effective deployment of nuclear energy in the EU!

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Let’s keep the conversation going,

Mary Sagatelova

Communications and Content Advisor | Third Way

216.394.7615 :: @MarySagatelova

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