Full Title: Implementing The Inflation Reduction Act: A Roadmap For State Electricity Policy
Author(s): Mike O'Boyle, Dan Esposito, and Michelle Solomon
Publisher(s): Energy Innovation
Publication Date: October 12, 2022
Full Text: Download Resource
Description (excerpt):
The Inflation Reduction Act of 2022 (IRA) is the most significant climate legislation in United States history. Several independent studies find the IRA’s $370 billion in climate and clean energy investments could help cut U.S. greenhouse gas (GHG) emissions roughly 40 percent by 2030. Combined with state action and forthcoming federal regulations, the IRA puts the U.S. within reach of its Paris Agreement commitment to cut emissions 50 to 52 percent by 2030.
Energy Innovation Policy and Technology LLC® prepared a series of research notes to detail the IRA’s provisions across the electricity, buildings, and transportation sectors. The notes also describe how states and private actors can leverage these provisions to unlock economic, public health, and climate benefits, as well as how the U.S. can help bridge the gap to meet its 2030 climate goals. This note covers the IRA’s electricity sector provisions, which could spur a clean energy revolution and amplify emissions reductions by electrifying other sectors.