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Executive Summary

The Inflation Reduction Act will invest $485 billion in the US economy with the aim of reducing deficits and decarbonizing the economy. A majority of the spending is going towards climate measures, such as increasing domestic renewable energy capacity. This report breaks down the available funding and tax credits included in the act and details the opportunities the act provides for tech vendors and across the top five emissions-intensive industries in the US. 

Table of contents

Inflation Reduction Act Unlocks Nearly $400 Billion In Climate And Renewable Energy Funding
Unpacking The Climate And Energy Funding Allocations In The Inflation Reduction Act 
Technology Vendors Can Capitalize On Funding Opportunities 
Emissions-Intensive Industries Face Opportunities And Challenges

Table of figures

Figure 1. Breakdown Of Climate And Sustainability Spending In The Inflation Reduction Act
Figure 2. Examples Of Different Sustainability Stances Across US States

About the authors

Alice Saunders

Industry Analyst

Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk Practice. Prior to joining Verdantix she completed a Master's degree in Nature, Society and Environmental Governance at the University of Oxford, earning a distinction. Her thesis project focused on species redistribution due to climate change and woodland ecosystems. Alice also holds a BA in English Literature from the University of Warwick.

Kim Knickle

Research Director, ESG & Sustainability

Kim leads the Verdantix ESG & Sustainability practice, addressing business challenges and priorities in ESG and sustainability through technology and services. Her current research agenda focuses on ESG regulatory and market drivers, sustainability reporting, risk management, supply chain sustainability, circular economy, social impact.  Knickle has worked for more than 20 years in the IT industry, providing research and analysis to help companies invest wisely in new technologies. Before joining the analyst industry, she held various roles in IT services, engineering, and product safety testing, beginning her career at Underwriters Laboratories, Inc.  Knickle holds a MBA from Boston University and a BS in electrical engineering from Cornell.

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