By Romany M. Webb The Inflation Reduction Act (IRA) has been described as being “all carrot” and “no stick” but that is not entirely correct. It is certainly true that the IRA uses “carrots” – principally in the form of tax credits – to incentivize actions that will reduce greenhouse […]
Inflation Reduction Act
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By Amy Turner On August 16, President Biden signed the Inflation Reduction Act (or “IRA”), widely hailed as the most ambitious piece of climate legislation in U.S. history. The bill is sprawling, covering climate and energy topics as diverse as electric vehicles, building decarbonization, clean energy manufacturing and supply chains, […]
By Romany M. Webb At Tuesday’s signing ceremony, President Biden described the Inflation Reduction Act (IRA) as “one of the most significant laws in our history.” Political rhetoric aside, its passage is a major achievement. After decades of inaction on climate change, the U.S. Congress has finally taken a step […]