Strengthened72% impact weight
The largest US federal climate-and-clean-energy investment scales up decarbonization in the world's second-largest emitter, strengthening the policy driver.
policyverifiedconfidence: high
US Inflation Reduction Act signed (2022) - largest US climate investment
On 16 August 2022 President Joe Biden signed the Inflation Reduction Act, described by the US government as the most significant action Congress has taken on clean energy and climate change in the nation's history, directing roughly $369 billion toward climate and clean-energy programs.
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What happened
On 16 August 2022 President Joe Biden signed the Inflation Reduction Act, described by the US government as the most significant action Congress has taken on clean energy and climate change in the nation's history, directing roughly $369 billion toward climate and clean-energy programs.
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