The Inflation Reduction Act (IRA) is the most significant climate legislation in United States history. Energy Innovation Policy and Technology LLC® modeling finds the IRA’s $370 billion in climate and clean energy investments could cut U.S. greenhouse gas (GHG) emissions roughly 40 percent by 2030. Combined with state action and forthcoming federal pollution standards, the IRA puts the United States within reach of its Paris Agreement commitment to cut emissions 50 percent to 52 percent by 2030.
Energy Innovation Policy and Technology LLC® prepared a series of research notes to detail the IRA’s provisions across the electricity, buildings, and transportation sectors. The notes also describe how states and private actors can leverage these provisions to unlock economic, public health, and climate benefits, as well as how the U.S. can bridge the gap to meet its 2030 climate goals.
Access the reports here