Additional author: Gray Bender
Executive Summary
Last year’s passage of the Inflation Reduction Act (H.R.5376) was a historic commitment by the United States toward achieving its climate goal of reducing greenhouse gas emissions by 50 to 52 percent below 2005 levels by 2030. The bill unlocks an unprecedented 369 billion toward accelerating the clean energy transition. Not only will this funding enable massive deployment of renewables and help jump start new clean technology industries, it also presents a significant opportunity to support economic growth and development.
Citations
Bender, Gray, and Shannen Maxwell. 2023. Catalyzing Regional Energy Transitions: Improving Conditions for Inflation Reduction Act Implementation in Central Appalachia and Texas. M-RCBG Associate Working Paper No. 206. Cambridge, MA: Mossavar-Rahmani Center for Business & Government, Harvard Kennedy School. https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/206_AWP_final.pdf.