The U.S. Department of Energy released a fact sheet highlighting the Inflation Reduction Act’s monumental support for clean energy technologies that will lower energy costs for families and businesses while helping drive 2030 economy-wide greenhouse gas (GHG) emissions to 40% below 2005 levels. The legislation will also bolster domestic manufacturing and provide direct investments for overburdened and underserved communities across America. This is the first report by the United States government analyzing how the Inflation Reduction Act can reduce GHG pollution. Even more, the Act will lower energy costs for working families with rebates and tax incentives for home energy improvements, solar energy, and electric vehicles. The Inflation Reduction Act enhances President Biden’s strong executive actions on climate change, state and local government actions, as well as the game-changing innovation currently being developed by American workers and businesses. Together with the President’s Bipartisan Infrastructure Law, these transformative accomplishments will help position the U.S. to reach President Biden’s goal of reducing GHG 50-52% in 2030.

Source: ESGNews