Dear GEP community,

I thought some of you might be interested in my new article for Foreign Affairs 
<https://www.foreignaffairs.com/united-states/climate-policy-still-good-business>.
 I argue that, despite stark GOP cuts to clean energy subsidies, the IRA’s 
climate strategy still offers the most promising path to building a political 
coalition that stands a chance of sustaining decarbonization, even if slower 
than needed and hoped.

I provide insights on how the IRA, and similar green industrial policies 
worldwide, mobilized the largest climate policy coalitions in history, bringing 
together environmentalists, “green” industries, and decarbonizable industries 
that "could be green” within a decade or two. I also share potential lessons 
for more resilient climate policies next time (and what not to learn from the 
rollback!). 

Looking forward to hearing your thoughts, comments. As with any Foreign Affairs 
piece, I couldn’t acknowledge through citations all the intellectual debts 
behind this article, most of which are owed to members of this listserv, to 
whom I owe special thanks.

Best,

Nils

—
Nils Kupzok <https://www.nilskupzok.com/> (Columbia University, Center for 
Political Economy)
Recent Publications:
2025. Climate policy is still good for business. Foreign Affairs 
<https://www.foreignaffairs.com/united-states/climate-policy-still-good-business>.
2025. Green macrofinancial bargains: how economic interests enable and limit 
climate action. RIPE 
<https://www.tandfonline.com/doi/full/10.1080/09692290.2025.2453502> (with 
Jonas Nahm).
2024. The decarbonization bargain: how the decarbonizable sector shapes climate 
politics. Perspectives on Politics 
<https://www.cambridge.org/core/journals/perspectives-on-politics/article/abs/decarbonization-bargain-how-the-decarbonizable-sector-shapes-climate-politics/A96CF0A6C399240BC4414EED53E3EF54>
 (with Jonas Nahm).
2024. The crossover between climate politics and central banking: how green 
central banking emerged in the US, the EU, and the UK.  
<https://journals.sagepub.com/doi/full/10.1177/00323292241246357?casa_token=S9GAYDR_YpQAAAAA:DazLPiWs-YBBsy0rLng7JTckWLEWKBVb8SubiY7GxCAi1Y2t2ctg88qhP0oYekPsjAmcpQP1_CNzPw>Politics
 & Society <https://journals.sagepub.com/doi/full/10.1177/00323292241246357> 
(with Nicolas Jabko).
2024. Indirect responsiveness and green central banking.  
<https://www.tandfonline.com/doi/full/10.1080/13501763.2024.2310119?casa_token=Ki98n2Pugb4AAAAA:Z9yIzxHo8sbE_0zDyguLDx80ZNBZaaUz5SoX5hPka2XY1WfqlafqttlJhq_zVHnnNrcDwQ7bbMCQnA>JEPP
 <https://www.tandfonline.com/doi/full/10.1080/13501763.2024.2310119> (with 
Nicolas Jabko).

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