Danny Cullenward's avatar

Danny Cullenward

@ghgpolicy.org

Ah, but what's a few hundred billion dollars (per year) between friends? All of the estimates for IRA implementation are US only, prospective, and depend on final rules (which are done for SAF but not H2/electricity). So still TBD.

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Danny Cullenward's avatar Danny Cullenward @ghgpolicy.org
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And to be clear, that EPRI number is a modeling projection of cumulative expenditures into the 2040s, so significantly smaller than the global annual subsidies you cited. But still very big money.

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