It’s hard, from the US, to feel all that confident about the state of our climate policies. The Inflation Reduction Act – the Biden White House’s trademark legislative achievement, which revolved around green investments – was a major accomplishment. Still, the US is breaking new records for its production and export of fossil fuels, last year extracting more oil and gas than ever before. Even more worrying is just how tenuous the country’s modest progress on the climate feels in advance of November’s presidential election: Donald Trump continues to lead Joe Biden in just about every poll.
However, at the very least, the Biden administration has set a bar for the scale of green investment that centre-left parties should undertake. The same can’t be said of the Labour party, which has reportedly now scrapped its laudable £28bn green spending pledge in favour of some bizarre fealty to its leadership’s own strange idea of fiscal responsibility. So what can Labour learn from the Democratic president’s approach?
