The Inflation Reduction Act of 2022 (IRA) is a United States law which aims to curb the recent inflation spike by reducing the deficit, lowering prescription drug prices, and investing into domestic energy production while promoting clean energy. There is definitely a lot to unpack from this $369 billion investment in the modernization of the American energy system.
Check out this factsheet from the U.S. Department of Energy to see how the Inflation Reduction Act will drive significant emission reductions and further position America to reach out climate goals moving forward.
