Forbes August 18, 2024
Energy Innovation: Policy and Technology
Two years after it passed Congress and was signed into law, the Inflation Reduction Act has become the most important climate legislation in United States history.
President Biden’s signature climate achievement is giving Americans the choice to stop burning fossil fuels, and cut their energy bills – all while kick-starting a domestic manufacturing boom, cleaning our air, and creating good jobs.
Federal policies like the IRA, Infrastructure Investment and Jobs Act, CHIPS and Science Act, and U.S. Environmental Protection Agency standards to cut air pollution from vehicles and power plants, have more than doubled America’s annual pace of emissions reductions this decade compared to the rate achieved in the 2010s.
IRA provisions are the catalyst...
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