Eight ways the Inflation Reduction Act is resetting the climate table. The Inflation Reduction Act hasn’t yet passed the U.S. House of Representatives and already it is reframing narratives (the U.S. is a global climate leader!), reshaping assumptions about the role of climate solutions (deflationary!), and raising expectations for the green economy (jobs! jobs! jobs!). All told, the bill includes an estimated $369 billion in climate and energy-related investments, making it the largest-ever federal commitment to climate change action (for a full breakdown, check out this spreadsheet from Ben Beach of BlueGreen Alliance and this analysis from the CPC Center). “The private sector can come and build upon a very solid platform of incentives and guidance and industry-creation around this bill, and that's really promising,” Stephan Nicoleau of FullCycle Climate Partners tells ImpactAlpha. From geopolitics to home appliances, here are some of the ways the bill is resetting the climate table.
Dealflow: Community Finance
Ting Internet secures $200 million from Generate for communication infrastructure in communities. Cable internet versus fiber optic, you ask? A lower-waste footprint and lower-energy consumption makes fiber technology the more eco-friendly choice. Toronto-based Ting, a subsidiary of global internet services company Tucows, is looking to build communications infrastructure for more resilient and sustainable cities. Generate Capital’s expertise will help the company roll out its fiber network, said Ting’s Elliot Noss.
Agents of Impact: Follow the Talent
Generate Capital promotes Peggy Flannery and Pietro Lomazzi to managing director of investments. Alex Raksin, ex- of Oaktree Capital, joins Generate, also as managing director of investments. Greg Richards, ex- of Energy Impact Partners, joins as managing director of credit… Yvonne Ofosu-Appiah of Wangara Green Ventures joins Impact Investing Ghana’s board of directors… UNDP seeks an English-speaking impact investing researcher for a six-month internship in Istanbul… UBS is hiring a writer to create sustainability and impact investing content in London.
Editor’s note: This article is sponsored by Johnson & Johnson Impact Ventures, which supports ImpactAlpha’s Investing in Health coverage. In partnership with J&J Impact Ventures, ImpactAlpha is exploring the …