Biden's IRA Fuels Half a Trillion Dollar Investment in Green Tech

The introduction of the Biden administration’s Inflation Reduction Act (IRA) has spurred a rapid acceleration of the green transition, supported by high levels of domestic manufacturing and a rapid increase in the country’s renewable energy capacity. The IRA is the most far-reaching U.S. climate policy to date and is highly competitive, with many other countries around the globe now racing to develop their own climate policies. The provision of widescale financial incentives for decarbonisation efforts, the uptake of green energy, and…