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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. Her current research agenda focuses on climate risk solutions and biodiversity. Alice holds a Masters in Nature, Society and Environmental Governance from the University of Oxford and a BA in English Literature from the University of Warwick.

Kim Knickle

Research Director, ESG & Sustainability
Kimberly Knickle is Research Director of the ESG & Sustainability practice at Verdantix. Her research areas encompass ESG regulations and reporting, ESG risk, supply chain sustainability, circular economy, social impact, and sustainable finance. Kim 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. Kim holds an MBA from Boston University and a BS in Electrical Engineering from Cornell.

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