The US GDP is down but not out

The US GDP is down but not out

Summary :

Two weeks ago, US senator Joe Manchin scuttled a major climate spending bill, reasoning the world needs more fossil fuels today, not less. Its title, the “Inflation Reduction Act of 2022” drops any reference to climate change, a political move that is also a sign that Congress is recognizing clean energy as a key solution to inflation, not a cause of it.

⬆️ Fossil fuels have experienced particularly extreme inflation since Russia invaded Ukraine.

⬇️ Solar and wind power are both free and inexhaustible, and their related technologies get cheaper as they scale up.

⬇️ A shift to clean energy puts emphasis on electricity, which is more regulated and price-controlled than something like gasoline.

⬇️ ⬇️ It also lowers the cost of climate change impacts, for which global insurance companies paid $40 billion in the first half of 2022.

Demand for midwives in the US is on the rise, and more women of color are entering the field.