On this date last year, August 16, 2022, U.S. President Joe Biden signed the historic Inflation Reduction Act into law. The Inflation Reduction Act mobilizes historic investment in clean energy, electric vehicles, energy efficiency and other green initiatives while focusing on an equitable distribution of resources to all communities. If implemented effectively, this legislation has the potential to drastically lower U.S. emissions and put the country within striking distance of its climate goals. WRI experts check in on the Inflation Reduction Act’s progress one year in, including
who is currently reaping the benefits and what the future may hold for this legislation. Read more.