One year has passed since President Biden signed the Inflation Reduction Act (IRA) into law. Its investments carry the potential to accelerate the pace of the domestic energy transition and move the United States closer to its target of a 50-52 percent reduction in emissions by 2030. But the effectiveness of its provisions, and its global reception are still up for debate.
From mineral supply chains and clean electricity to political considerations and overseas perspectives, our experts offer their thoughts on the law, discussing its successes, its implications, and its areas for improvement.
EnergySource Aug 7, 2023
A year after the IRA, industrial policy has gone global. Now what?
By David L. Goldwyn, Andrea Clabough
The domestic impacts of the IRA are undeniable. It is less certain what it means for the global energy transition. One year later, officials must prioritize opportunities to align with like-minded allies overseas.
EnergySource Aug 16, 2023
One year after the IRA, the hard work to build resilient mineral supply chains is only beginning
By Reed Blakemore, Paddy Ryan
Twelve months since the IRA’s bet big on alternative mineral supply chains, the clean energy commodities market is changing. Washington’s strategy must change along with it.
EnergySource Aug 9, 2023
The IRA challenges the European climate model
By Friedbert Pflüger
Europeans are starting to realize their leadership in the energy transition is not as secure as previously believed. They are seeing the profound competition posed by the IRA—and the economic forces it unleashes.
One year later: The global implications of the US’s climate law
Our experts share the successes and challenges still facing the implementation of the landmark Inflation Reduction Act one year later, signed into law by President Biden in August 2022.
Quick reactions: The IRA’S successes, implications, and areas for improvement
In August 2022, our experts offered timely commentary on the passage of the ambitious IRA, and provided insight on what may come. Read their analysis below.
At the 6th annual Veterans Advanced Energy Summit held on August 9, 2022, the military community and energy professionals convened to discuss the technology, policy, and economic trends that are driving the global energy transition.
The Summit was joined by Congressman Raja Krishnamoorthi (D-IL 8th District) and David Livingston, senior advisor to US Special Presidential Envoy for Climate John Kerry, among others, to discuss the Inflation Reduction Act, the signing of the CHIPS and Science Act into law, and more.
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