President Donald Trump on Tuesday signed an executive order that aims to delay Medicare negotiations for a broad category of prescription drugs, handing the deep-pocketed pharmaceutical industry a major win as it lobbies aggressively against efforts to rein in its pricing power. Trump’s order, titled “Lowering Drug Prices by Once Again Putting Americans First,” instructs Health and Human…
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Jim Lively wants to install rooftop solar panels on his family’s local food market, just minutes from the Sleeping Bear Dunes National Lakeshore in northern Michigan. Those panels could help power the RV campground they want to open next to the market and offset other electricity bills. But even though Lively was awarded a $39,696 grant for the project through a U.S.
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A discussion between Brett Christophers and Adam Tooze, moderated by Kate Aronoff, about the climate crisis and the limits of capitalism.
This post was originally published on Dissent Magazine.
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A President Trump order halting funding from America’s $557 billion climate and industry program will be limited to climate change mitigation and electric vehicles programs, the Whitehouse clarified overnight, as experts doubt a major claw back of the landmark industry funding. The guidance came after concerns of a full shutdown of disbursement from the US…
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Even before President-elect Donald Trump’s return to the White House next Monday, California got ahead of things. Anticipating more of the federal meddling they’d seen in the past, like when Trump’s first administration tried to block the state’s vehicle emissions standards, lawmakers met in a special session to start preparing a defense of its progressive civil rights, reproductive freedom…
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The parts of the Biden agenda most targeted at addressing women’s economic vulnerabilities were never passed.
This post was originally published on Dissent Magazine.
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Though the election of Donald Trump has loomed over this month’s United Nations climate talks in Baku, Azerbaijan, Biden administration officials and prominent Democrats have given speech after speech pledging that the nation’s transition to renewable energy will continue. White House representatives have touted the economic benefits of the billions of dollars in climate-related subsidies in Biden’…
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Donald J. Trump will once again be president of the United States. The Associated Press called the race for Trump early Wednesday morning, ending one of the costliest and most turbulent campaign cycles in the nation’s history. The results promise to upend U.S. climate policy: In addition to returning a climate denier to the White House, voters also gave Republicans control of the Senate…
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While some have argued that the Biden administration’s industrial policy offered too much to the private sector, these bills were designed to serve multiple constituencies.
This post was originally published on Dissent MagazineDissent Magazine.
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The results of a multi-suburb household electrification pilot in the Illawarra, backed by $5.4 million in government funding on Tuesday, will inform a potential nation-wide effort as the Albanese government faces calls to do more on the demand side of renewables. After years of community led effort under ‘Electrify 2515’ in the northern suburbs of…
The post Home electrification ruled out of FMiA as pilot launches appeared first on InnovationAus.com.
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Rosemary Green and her husband live mere feet away from a massive chemical storage depot that hugs the Mississippi River just west of New Orleans. Over 200 tanks of the International-Matex Tank Terminals (IMTT) hulk beside their modest home on Fourth Street in the historic Black community of Elkinsville in St. Rose. Green and her neighbors have been complaining about the plant’s fumes and periodic…
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Can we expand the state’s role in the economy while diminishing its capacity for war?
This post was originally published on Dissent MagazineDissent Magazine.
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Rapid geopolitical, economic, social and environmental disruptions have highlighted the increased global reliance on semiconductors and microchips. This trend is set to continue as the world accelerates its electrification and digitisation transition. Semiconductors, also known as microchips, are one of the most important technologies on the planet, underpinning all leading-edge industries and capabilities. From smartphones,…
The post Material returns for the next generation of semiconductors appeared first on InnovationAus.com.
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Globally and at home, discussions about what the world will need to look like by 2050 are becoming ever more prevalent – the future of industries, the knowledge economy, and reining in global temperature increases are just a few of the critical topics. Open economies like Australia’s are subject to major trends that are reshaping…
The post Modern industrial policy needs strategic direction, clear goals appeared first on InnovationAus.com.
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A nation’s industrial policy significantly influences its innovation capabilities, industrial competitiveness, and the well-being of its citizens. The Future Made in Australia Act (FMiA) is an industrial policy that aims to tackle grand challenges the country is facing, such as climate change, technological sovereignty, and sustainable productivity. This policy signifies a shift from a neoliberal…
The post The geopolitical weight of our strategic industrial priorities appeared first on InnovationAus.com.
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On one of the most consequential nights in the 2024 presidential race, the fate of our entire planet received all of 120 seconds. Vice President Kamala Harris and former President Donald Trump were each allotted one minute to discuss their plans for fighting the climate crisis during the September 10 presidential debate. Harris’s response to the question, which arrived in the final moments…
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The climate crisis didn’t receive much primetime attention during this year’s Democratic National Convention (DNC). But away from the bright lights of the main stage, a series of low-profile panel discussions have offered a fascinating window into some key obstacles facing the Democrats’ climate agenda — and a lack of concrete policy proposals to overcome them. Over the course of nearly…
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Ajulo Othow started solar and storage company EnerWealth Solutions seven years ago to get small solar projects on farmland and other places in rural communities in the Southeast where money is tight and the phrase “green economy” is rarely spoken. In just the last year, Othow said the amount of solar her company has developed went from 2 megawatts of power to 25 — an increase of 1,150%
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The Internal Revenue Service announced Monday that it is cracking down on a complex maneuver that corporations and rich individuals use to avoid taxes, the agency’s latest enforcement action since receiving a badly needed infusion of funding from the Inflation Reduction Act. The new IRS policy targets a tactic known as “basis shifting,” whereby business partners move “the tax basis of their assets…
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The Environmental Protection Agency (EPA) recently announced standards to cut greenhouse gasses from power plants. The rule requires coal power plants with a retirement date far in the future and new gas power plants that operate for prolonged periods to install carbon capture technology. Coal power plants with impending retirement dates are required to blend fracked gas with coal to reduce…
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The federal Budget’s announcement of $22.7 billion for A Future Made in Australia, still leaves us with a valley of death funding gap for first-of-a-kind (FOAK) manufacturing facilities, particularly for sectors outside of the government’s focus on critical minerals and clean energy industries. We can bridge this valley with fast, flexible government packages for synthetic…
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America’s energy system has a problem: Solar and wind developers want to build renewable energy at a breakneck pace — and historic climate legislation has fueled their charge with financial incentives worth billions of dollars. But too often the power that these projects can produce has nowhere to go. That’s because the high-voltage lines that move energy across the country don’t have the capacity…
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In rolling out his government’s response to the massive industrial subsidies being offered in the United States through its Inflation Reduction Act, you couldn’t accuse Anthony Albanese of being a ‘first mover’. In fact, the Albanese government has been slow in getting to the party. The European Union, Japan, South Korea, Canada and other comparable…
The post Consistent and methodical: The PM’s industrial policy push appeared first on InnovationAus.com.
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Climate, worker and innovation experts have embraced the Prime Minister’s seismic shift on industrial policy that will see coordinated government intervention to help Australia compete in the global clean energy and manufacturing race. The business lobby group and the opposition have warned a miscalculation could see the government trying to pick winners while waging an…
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The Albanese government has unveiled plans to introduce a Future Made in Australia Act later this year that will serve as an “anchor” for the country’s response to fracturing global industrial policy. In a speech in Brisbane on Thursday, Prime Minister Anthony Albanese will outline a more interventionalist policy designed to help Australia compete with…
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The Albanese government is facing more calls to develop mission oriented industry policy, set up a new fund for exporters and flex its procurement muscle to realise its green energy superpower ambition. Worker, environment and suitability groups will on Wednesday launch a push for the strategic development of Australia’s renewable energy supply chains, warning the…
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It is just five weeks until federal Treasurer Jim Chalmers delivers his third budget in what he has frequently described as a defining decade for the country on all fronts: socio-economically, technologically, and geopolitically. Like many, Realpolitech is wondering whether the occasion will finally bring some definition to the “recast and modernised” industry policy framework…
The post Industry policy can’t wait for Productivity Commission revamp appeared first on InnovationAus.com.
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Sometimes climate change appears where you least expect it — like the grocery store. Food prices have climbed 25 percent over the past four years, and Americans have been shocked by the growing cost of staples like beef, sugar, and citrus. While many factors, like supply chain disruptions and labor shortages, have contributed to this increase, extreme heat is already raising food prices…
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Former prime minister Malcolm Turnbull is hopeful the US Inflation Reduction Act will be able to weather a second Trump administration given the powerful momentum now behind the clean energy transition. But he has warned that Mr Trump’s track record means there is every possibility that the billionaire and former US president will do even…
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The Internal Revenue Service announced on Thursday that it was going after high-income earners who had dodged taxes by failing to file tax returns since 2017. The agency said it would begin mailing compliance letters this week in more than 125,000 cases in which people making over $400,000 a year had refused to file. The enforcement action was made possible by increased IRS funding in the…
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