The Inflation Reduction Act: year one review

October 2023

The Inflation Reduction Act of 2022 marks the most significant action the US government has taken on clean energy and climate change.

The IRA concentrates on providing incentives for clean energy and mitigating climate change across the economy, rather than on disincentives for carbon emissions, such as a carbon tax. A major focus of the bill is incentivizing clean-energy manufacturing and production within the US.