Inflation Reduction Act: 10 ways it will turbocharge US climate action (and one way it won't)

clock • 22 min read
Credit: iStock
Image:

Credit: iStock

The landmark legislation's climate provisions could unlock billions of dollars of low carbon investment and millions of green jobs - but it also paves the way for new fossil fuel infrastructure

After decades of gridlock, the US looks set to pass sweeping climate legislation for the first time. Barring any late Congressional dramas, President Joe Biden could sign the Inflation Reduction Act (IRA)...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Legislation

'Giving people a stake in clean energy': Great British Energy legislation passes through Parliament

'Giving people a stake in clean energy': Great British Energy legislation passes through Parliament

Great British Energy Bill clears final Parliamentary stages, paving way for full launch of publicly-owned clean energy investment vehicle

James Murray
clock 15 May 2025 • 6 min read
Office for Environmental Protection: Dame Glenys Stacey to step down as chair

Office for Environmental Protection: Dame Glenys Stacey to step down as chair

Chair of watchdog will not seek reappointment when term ends in January next year

James Murray
clock 13 May 2025 • 3 min read
Planning reforms: Government touts £7.5bn boost, but 'uncertainty' over nature risks remains

Planning reforms: Government touts £7.5bn boost, but 'uncertainty' over nature risks remains

Government impact assessment claims Planning and Infrastructure Bill could unlock multi-billion-pound economic boost over 10 years, but admits it only has 'limited data' on potential environmental risks

Michael Holder
clock 06 May 2025 • 6 min read