On August 16, 2022, the United States witnessed the passage of the strongest climate investment package in U.S. history. The Inflation Reduction Act of 2022 (IRA) rises to the climate imperative by directing $369 billion towards advancing clean energy solutions and promoting community-scale environmental justice. New NRDC analysis, released today, finds that this funding will reduce climate-warming emissions all while reducing Americans’ electricity bills, creating hundreds of thousands of clean energy jobs, and scaling home-grown clean energy solutions. The full report, “Clean Electricity Tax Credits in the Inflation Reduction Act Will Reduce Emissions, Grow Jobs, and Lower Bills”, can be found here.
The landmark IRA legislation extends and expands tax credits for clean electricity technologies; these will help scale solar, wind, storage, and other zero- to low-carbon…
NRDC Analysis: IRA Will Spur Clean Energy Transition
