What’s Your Problem? The Little-Known Office With $400 Billion to Fight Climate Change

Listen On:

  • Apple Podcasts
  • Spotify
  • Apple Podcasts
  • Spotify

Join Pushkin+

Gain access to ad-free versions of 20+ podcasts from the Pushkin library along with exclusive bonus episodes and other member benefits.

Jigar Shah is the director of the Loan Programs Office at the U.S. Department of Energy. Last year, as part of the Inflation Reduction Act, Congress allocated hundreds of billions of dollars for Jigar’s office to lend out.

The loans are supposed to go to companies that are helping the U.S. economy move away from fossil fuels. That can mean everything from building new nuclear plants to creating a giant hydrogen battery in an underground salt cavern.

Jigar’s problem is this: What’s the best way to lend out all that money – and do it fast enough for the U.S. to meet its climate goals.

The Host

Jacob Goldstein

Jacob Goldstein spent more than a decade as co-host of the Planet Money podcast. He's also the author of the book Money: The True Story of a Made-Up Thing, which the New…