The Inflation Reduction Act of 2022 is a landmark climate bill that aims to reduce the rate of global warming and ultimately combat the climate crisis. It is the first federal law to recognize the harmful effects of climate change and to establish a framework for ambitious action to limit the rise in global temperature. […]
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.