Inflation Reduction Act: A Turning Point for US Climate Policy?

Inflation Reduction Act: A Turning Point for US Climate Policy?

On August 16th, 2022, President Biden signed into law the Inflation Reduction Act (“IRA”), one of the most ambitious and potentially impactful climate policies in US history. This marks a shift in US climate action and, by putting emissions firmly on a downward trajectory, it sends a global signal that the world’s largest historical emitter is now beginning to meet its responsibilities.