The Inflation Reduction Act will accelerate US progress on boosting renewable energy and reducing carbon emissions in 2023 as a decade of funding starts
Environment
3 January 2023
US president Joe Biden celebrating the enactment of the Inflation Reduction Act, which was signed into law in August 2022 KEVIN LAMARQUE/REUTERS/Alamy
This year will be the first the US federal government has a policy to meaningfully address climate change, thanks to the passage of the Inflation Reduction Act (IRA) in August 2022. The nearly $370 billion the law puts towards climate and energy-related programmes will accelerate the race to reduce carbon emissions in the US and will influence climate action across the world.
By 2030, researchers forecast that the law’s climate-related provisions …