Roosevelt Institute

NEW: There are nearly 226 million acres of low-harm area for solar available, and only 3.5 million to 15 million acres are needed to meet solar deployment targets. Prioritizing high-benefit, low-harm land in solar siting will allow us to build faster and accelerate a just energy transition. A coordinated, equitable, and efficient build-out will require planning, policy, and investment in new transmission and distribution infrastructures. It will also require cross-government efforts to develop more robust ways of identifying high-benefit, low-harm sites in local communities. In our new brief, Johanna Bozuwa, Dustin Mulvaney, Isabel Estevez, Adriana DiSilvestro, Kristina Karlsson, and Sunny Malhotra argue that effective solar deployment requires a nationwide planning and coordination effort, outline key roles the federal government can play in advancing solar, and provide clear principles and steps for land-use and site planning. Read more: https://lnkd.in/ebav5PNy

I do a lot of reading and learning at the Roosevelt Institute, so I was thrilled to write my first post for our blog tying together several of our most compelling recent publications. Each one is grounded in the ideas that the role of government is to provide for the public, doing so requires embracing state involvement and public spending, and industrial strategy should be in service of creating a green, just economy. Check it out! https://lnkd.in/eurrGrYy

ICYMI: Our top stories of the week ⬇️ ✅ AI tools are already changing the financial sector. Roosevelt Fellow Todd Phillips warns policymakers of the risk of AI to financial services and offers six policy recommendations to combat these risks. ✅ Macroeconomic Analysis Program Manager Ira Regmi on what we can look forward to with lower interest rates, and their potential impact on labor market gains. Plus a list of the #mustread stories on the impact of climate, housing and labor in this week's #RooseveltRundown: https://lnkd.in/ekqj22P6

We are excited to welcome two new directors to the Roosevelt Institute—Stephen Nuñez and Bilal Baydoun. Stephen is joining as the director of stratification economics and will lead research on systemic inequalities in the economy. Bilal is joining as the director of democratic institutions and will oversee research on how we can strengthen our democratic institutions and curb the influence of private power on democracy. Their wealth of experience and work are important in this critical moment and fight for a more equitable and just economy and democracy. Learn more about their experience and backgrounds ⬇️ https://lnkd.in/eEKrSwZz

🆕 📃 :Generative AI systems are as popular as ever and are opening up new ways for individuals to interact with their banks. But as more financial institutions use them, it's important to understand the potentially harmful impacts AI could have on our financial system. In a new brief, Roosevelt Fellow Todd Phillips explores the risks AI agents pose to financial services and argues for six actions Congress and regulators should take to ensure these potentially dangerous technologies are properly regulated. These recommendations include ensuring market competitiveness; ensuring decisions made by AI agents are in the users’ best interests; regulating AI agents and financial institutions’ use of them—especially to withstand potential crashes or bank runs; and establishing legal liability for AI agents. https://lnkd.in/e8afBQXu

ICYMI: Our top stories of the week ⬇️ ✅ Roosevelt's deputy director of climate policy Kristina Karlsson and tax fellow Indivar Dutta-Gupta testify before Congress ✅ NEW brief from Niko Lusiani on how electric utilities are slowing down the green transition, and how gov't can respond Read more in this week's #RooseveltRundown: https://lnkd.in/e7YHEEKg

The United States is at the beginning of a momentous energy transition that could bring down prices for families and make for a more resilient and decarbonized economy. One of the main obstacles? Shareholder-owned utility companies are incentivized to slow and inflate the cost of vital clean energy investments.  In our new brief, Niko Lusiani explores how and why shareholder-owned utility monopolies as gatekeepers actively slowing—or in some cases outright blocking—the renewable energy build-out and working against the implementation of essential climate change policies such as the Inflation Reduction Act. After years of mismanagement and abuse by electricity holding companies and a vital need to expand affordable electrification, President Franklin D. Roosevelt took decisive action after the Great Depression to reset the rules of the game for utilities. Yet again, we face an inflection point requiring a rewrite of the rules of how we produce and deliver electricity in the 21st century. Government has the power to shift incentive structures to overcome these bottlenecks and accelerate a just and affordable energy transition the American economy and the American people rightfully deserve. ⬇️ https://lnkd.in/eij956Te

The US produces more oil than any other country on earth, but oil and gas firms—subsidized by taxpayers—are not delivering on their promise of providing stable and cheap domestic energy. For years, Pioneer and other big oil firms have used their market power to take advantage of rising inflation, and in turn creating risk for the macroeconomy. In a hearing before the House Committee on Natural Resources, Deputy Director of Climate Policy Kristina Karlsson argues for a publicly managed fossil fuel wind down ⬇️ https://lnkd.in/eZstmUU9

Extreme concentrations of income & wealth are holding back our economy. Last week our tax fellow Indivar Dutta-Gupta testified before the Senate Committee on Finance, explaining how higher taxes on the wealthy can fuel equitable economic growth. Read the full testimony here: https://lnkd.in/eubx6pAp

You're invited ❕ Next Tuesday, we will host a virtual half-day symposium, “Building the Future: Collaborative Workforce Strategies for Industrial Policy Investments.” This event will highlight the impacts of federal funding and tax credits in Michigan and identify the collaboration, training, and local support needed to ensure that manufacturing jobs created in the region are equitably distributed and go to disadvantaged workers. Join us in discussing the Michigan model for industrial investment—what’s worked, what's unfinished business, and what has made the state’s implementation strategy unique. We are excited to have so many Roosevelters speaking at this event: ▶ Hilary Doe (Chief Growth Officer, State of Michigan) ▶ Keyontay Humphries, J.D. (Chief of Staff, City of Detroit, City Council, Office of Pro Tem James Tate) ▶ Zachary Kolodin (Chief Infrastructure Officer, State of Michigan) ▶ Ali Bustamante (Director, Worker Power and Economic Security, Roosevelt Institute) RSVP today to our online event: https://lnkd.in/gw5W6rRy