The Cut Inflation Act will accelerate U.S. progress in promoting renewable energy and reducing carbon emissions in 2023 as 10-year funding begins.
environment
January 3, 2023
U.S. President Joe Biden celebrates enactment of the Control Inflation Act, signed into law in August 2022 Kevin Lamarck/Reuters/Alamy
This year will be the first time the US federal government has policies to meaningfully address climate change, thanks to the passage of the Inflation Reduction Act (IRA) in August 2022. The approximately $370 billion that the Act will put into climate and energy programs will accelerate the race to reduce carbon emissions in the United States and influence climate action around the world.
By 2030, researchers believe that climate-related provisions in legislation will…
