Why the US Inflation Reduction Act is an important step in the transition to clean energy
On August 16, 2022, American President Joe Biden signed the Inflation Reduction Act (IRA) into law. The IRA is the most meaningful climate bill ever passed in the US It has the potential to significantly curb the country’s greenhouse gas emissions (GHG) over the next few years. The 755-page legislation touches on a plethora of issues, including healthcare, prescription drugs and stock buy-backs and it raises nearly $800 billion from multiple resources. Its provisions pertaining to climate change mitigation, clean energy and energy innovation, however, dominate the headlines. The $369 billion earmarked for clean ... (full story)
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