Op-Ed: Why the U.S. Inflation Reduction Act is an Important Step in the Transition to Clean Energy

World Economic Forum: On August 16, 2022, American President Joe Biden signed the Inflation Reduction Act (IRA) into law, the most meaningful climate bill ever passed in the U.S. The Act incentivizes multiple sources of clean energy, including energy storage, nuclear power, and clean energy vehicles, and has the potential to significantly curb the country’s greenhouse gas emissions over the next few years.

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