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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

Why the Women in Green Business Awards is more important than ever

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

More on Policy

EU Omnibus Package: Over half of EU businesses 'dissatisfied' with watering down of environmental reporting rules
Policy

EU Omnibus Package: Over half of EU businesses 'dissatisfied' with watering down of environmental reporting rules

Survey of 1,000 EU firms finds 61 per cent of businesses are happy with Corporate Sustainability Reporting Directive in its current form

Amber Rolt
clock 15 May 2025 • 5 min read
'Half-hearted U-turn': Government re-opens Sustainable Farming Incentive for around 3,000 farms
Policy

'Half-hearted U-turn': Government re-opens Sustainable Farming Incentive for around 3,000 farms

Following NFU challenge, government admits shock closure of subsidy scheme contained errors as it re-opens application process for some farms

James Murray
James Murray
clock 13 May 2025 • 4 min read
'An incredibly divisive topic': Cornwall Insight warns switch to zonal pricing unlikely to be achieved before 2030
Policy

'An incredibly divisive topic': Cornwall Insight warns switch to zonal pricing unlikely to be achieved before 2030

Influential analyst firm argues that even under ambitious timelines, it would likely take until the early 2030s to transition UK market to a zonal electricity pricing regime

James Murray
James Murray
clock 12 May 2025 • 4 min read