The Act promises to touch on almost every aspect of US climate policy.
On August 16, 2022, President Biden signed into law the Inflation Reduction Act (the Act), which expands clean and renewable energy production, jump-starts carbon reduction and sequestration technologies, accelerates decarbonization of the power sector and vehicle fleet, and promotes a host of other climate policies. In addition, the Act ushers in the largest clean energy tax credit package in US history.
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