Inflation Reduction Act (IRA)
DOE
Signed into law Aug. 16, 2022, the IRA is the largest federal investment in climate and clean energy action in history, and leading up to the IRA’s second anniversary, the Department of Energy and other agencies have heralded the law’s impact and benefits.
American Clean Power
The American Clean Power Association reports that U.S. clean energy investments announced over the past two years have reached a half-trillion dollars.
EPA
Pennsylvania will use its $396.1 million Climate Pollution Reduction Grant on a statewide initiative to cut greenhouse gas emissions from industrial buildings through incentives for energy efficiency and emission-reduction technologies.
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ACEEE published a paper showing how states can maximize the impact of federal funds for home energy retrofits.
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The administration’s focus on growing a healthy, competitive solar supply chain combines Biden’s drive to stimulate private investment in clean tech manufacturing and jobs and bipartisan concerns about Chinese trade practices.
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President Joe Biden directed the U.S. trade representative to slap steep new tariffs on Chinese goods, including semiconductors, solar cells, battery components and electric vehicles.
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A new Berkeley Lab report finds that a combination of aggressive demand and supply side measures could slash greenhouse gas emissions in the building sector 91% below 2005 levels by 2050.
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EPA issued a final rule meant to strengthen, expand and update methane emissions reporting requirements for oil and natural gas systems, as required by the Inflation Reduction Act.
Portland General Electric
EPA announced nearly $1 billion in grants from the Inflation Reduction Act to help cities, states, territories and school districts trade in their diesel-burning heavy-duty trucks and buses for new zero-emission vehicles.
The White House
President Joe Biden announced $7 billion in funding from the Inflation Reduction Act, to be used by states and nonprofits across the country to install solar in low-income and disadvantaged communities.
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