RFF – What is an “Energy Community?” Understanding the Effects of the Inflation Reduction Act
As the United States begins to move toward its net-zero goals, policymakers are looking to mitigate the impacts of a transition to clean energy on communities that currently rely heavily on fossil fuel production. The Inflation Reduction Act of 2022 (IRA) includes a provision that directs additional financial incentives for clean energy projects developed in “energy communities,” which could provide economic benefits to regions that face challenges associated with the energy transition. However, what constitutes an “energy community,” and does this provision sufficiently target the most vulnerable communities?
Join Resources for the Future (RFF) on Tuesday, November 1, as we examine the IRA’s provisions targeting “energy communities” and what it could mean for fossil fuel-dependent communities. Researchers from RFF will present their analysis of the provision’s potential impacts, alternative interpretations, and a new approach for defining an “energy community.” Then, a panel of experts will discuss its effectiveness, uncertainties behind the law’s implementation, and the broader implications of the transition to a net-zero economy.