Wednesday, September 28, 2022

Inside the IRA | What Biden’s Big Green Donations Mean for US Renewable Energy


The Inflation Reduction Act (IRA) is “the biggest step forward on climate ever, and it will allow us to take bold additional steps toward achieving all of my climate goals,” President Joe Biden said after signing it into law on August 17.

Biden views the IRA — and its $369 billion in climate-related spending and clean energy tax credits — as a down payment on an overarching political bet that the world’s most powerful industrial nation can transform its $22 trillion economy by 2050 to become carbon neutral, while maintaining on net energy self-sufficiency at a cost that consumers can afford.



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from San Jose News Bulletin https://sjnewsbulletin.com/inside-the-ira-what-bidens-big-green-donations-mean-for-us-renewable-energy/

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