August 11, 2022

What the Inflation Reduction Act Does for Green Energy

Nicholas Institute for Environmental Policy Solutions

The Inflation Reduction Act, signed Aug. 16 by President Joe Biden, does a lot of things, including tackling deficit reduction, health care access and prescription drug pricing, but addressing the energy industry and climate change is one of its most significant aims, reported PBS NewsHour.

“This is very much climate legislation" that offers “a significant bump” in the United States' projected ability to reduce greenhouse gas emissions, said Brian Murray, interim director of the Nicholas Institute for Energy, Environment & Sustainability.

Murray, other experts, and environmental advocates discussed how the massive spending bill can help the country get closer to achieving its emission goals, as well as potential drawbacks of the bill.