The Inflation Reduction Act of 2022 (IRA) is the largest climate-based investment ever made by the federal government. The legislation commits $369 billion on behalf of energy security and climate change mitigation over the next decade with an overreaching goal to reduce carbon emissions by 40% by 2030 compared to 2005 levels.
The bill, which was approved along partisan political party lines, has drawn enthusiastic reactions — both positive and negative in nature — from government officials, industry associations, efficiency aficionados, and more.