One year on: Has the US Inflation Reduction Act helped or hindered the UK green economy?

Cecilia Keating
clock • 8 min read
Credit: iStock
Image:

Credit: iStock

Social Market Foundation argues landmark legislation has delivered positive economic environment for UK manufacturers – but warns opportunities will be lost without more ambitious policy

One year on from the introduction of the US Inflation Reduction Act (IRA), many observers' worst fears of its detrimental impact on the UK green economy have not yet materialised - but there is certainly...

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 Policy

Paris Agreement: The next challenge for Article 6 is implementation, not integrity

Paris Agreement: The next challenge for Article 6 is implementation, not integrity

The rules governing carbon credit trading in the Paris Agreement are sound - the question now is whether the capacity to apply them will be developed quickly and broadly enough to make the mechanism work, writes Ritika Tewari from the Project Developer...

Ritika Tewari, Project Developer Forum
clock 13 May 2026 • 4 min read
What your local council can actually do to tackle the climate crisis

What your local council can actually do to tackle the climate crisis

Local authorities may be blighted by under-funding and constrained by the UK's centralised system of government, but there are still lots of levers they can pull to advance climate action

Rebecca Willis, University of Manchester - The Conversation
clock 12 May 2026 • 5 min read
Tony Blair Institute urges Europe to pursue 'electrostate' energy strategy

Tony Blair Institute urges Europe to pursue 'electrostate' energy strategy

Report calls for continent-wide push to accelerate grid development, curb power costs, and ramp up electrification efforts

James Murray
clock 05 May 2026 • 5 min read