Credit Suisse believes the Inflation Reduction Act will have a much larger effect on the transition to renewable energy that most believe.
The Atlantic“Late last month, analysts at the investment bank Credit Suisse published a research note about America’s new climate law that went nearly unnoticed. The, the bank argued, is even more important than has been recognized so far: The IRA will ‘will have a profound effect across industries in the next decade and beyond’ and could ultimately shape the direction of the American economy, the bank said.
“But that estimate is wrong, the bank claims. In fact, so many people and businesses will use those tax credits that the IRA’s total spending is likely to be more than $800 billion, double what the CBO projects. And because federal spending tends to catalyze private investment, that could send total climate spending across the economy to roughly $1.7 trillion over the next 10 years.
Credit Suisse also thought about what might happen if reactionaries and fossil fuel apologists win control of the White House or Congress. They don’t think there’s much of a chance the IRA would be repealed because “Republican-leaning states are likely to see the most investment, job, and economic benefits from the IRA.” That seems like specious reasoning, since people vote against their own best interests all the time.
1. The number of Americans working in a climate-relevant industry is going to explode. It is going to undergo what you might call a. The opportunity will be too large, the money too persuasive, the problems too intriguing.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Credit Suisse capital gap conundrum draws analyst answersAs Credit Suisse finalises a much-anticipated restructuring, analysts are crunching the numbers on how much capital the bank may need and suggesting how best to plug that gap.
続きを読む »
USD/JPY: Potential top in the 149.17/150.00 zone – Credit SuisseUSD/JPY has finally achieved Credit Suisse’s long-held core objective from April at 147.62/153.01 – the 1998 high and 38.2% retracement of the 1982/20
続きを読む »
Credit Suisse in talks with underwriters as it weighs capital options - reportCredit Suisse Group AG has held talks with a number of banks about underwriting a potential capital increase in case it needs to shore up its balance sheet, Bloomberg Law reported on Friday, citing people familiar with the matter.
続きを読む »
What to know about inflation checks in New YorkTo help families fight inflation, New York Gov. Kathy Hochul announced last month that New Yorkers would receive an average payment of $270 through a tax credit program.
続きを読む »
Equifax Wages War on Employees Working Second JobsThe credit reporting agency fired 24 remote employees based on employment records collected by Equifax software.
続きを読む »
Joe Manchin Impoverished 4 Million Children When He Killed Child Tax CreditManchin's refusal to extend the Child Tax Credit meant an estimated 4 million children — 50,000 in his own state — returned to poverty. Manchin’s gripe: The measure didn’t have strict work requirements.
続きを読む »