Renewable capacity buildoutTechnology deployment
0.85Strengthened60% impact weight
IRA tax credits and manufacturing incentives materially accelerate U.S. and global renewable deployment, strengthening the buildout driver.
policyverifiedconfidence: high
United States enacts the Inflation Reduction Act with historic clean-energy investment
On 16 August 2022 President Biden signed the Inflation Reduction Act, which directs roughly $369 billion toward clean energy and climate measures - tax credits for solar, wind, storage, EVs and domestic clean-tech manufacturing - the largest U.S. climate investment to date, projected to cut emissions about 40% by 2030.
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What happened
On 16 August 2022 President Biden signed the Inflation Reduction Act, which directs roughly $369 billion toward clean energy and climate measures - tax credits for solar, wind, storage, EVs and domestic clean-tech manufacturing - the largest U.S. climate investment to date, projected to cut emissions about 40% by 2030.
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