Strategic Focus: The Impact Of The Inflation Reduction Act In The US
06 Dec, 2022
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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.
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
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
Figure 1. Breakdown Of Climate And Sustainability Spending In The Inflation Reduction Act
Figure 2. Examples Of Different Sustainability Stances Across US States
Figure 2. Examples Of Different Sustainability Stances Across US States
Honda, Plug Power, HSBC Asset Management, Assent, US Postal Service, Microsoft, Department of Energy, International Energy Agency (IEA), Kayrros, Securities and Exchange Commission (SEC), Panasonic, Avetta, Taskforce on Nature-related Financial Disclosures (TNFD), Office of Management and Budget, Environmental Protection Agency, Canadian Securities Administrators (CSA), Rivian, Sylvera, Energy Information Administration (EIA), Congressional Budget Office, Picterra, Diligent, Salesforce, Climeworks, Florida State Board of Administration, Texas comptroller, Amazon, National Park Service, Ceres, Qube, Toyota
About the Authors
Alice Saunders
Industry Analyst
Alice is an Industry Analyst in the Verdantix Net Zero & Climate Risk practice. Her current research agenda focuses on climate risk solutions and biodiversity. Alice holds…
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Kim Knickle
Research Director
Kim Knickle is a Research Director at Verdantix, bringing more than two decades of analyst experience to the evolving world of sustainability. Her current research spans ESG a…
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