A large team made up of academics and professionals in the private sector from across the U.S. has found that just a year after passage of the Inflation Reduction Act of 2022 (IRA), measurable drops in greenhouse gas emissions have occurred in the United States. The team has published a Policy Forum piece in the journal Science outlining the emission reductions, where they occurred and how they relate to goals set under the Paris Agreement.
study"Emissions and Energy Impacts of the Inflation Reduction Act." Credit: John Bistline
The IRA was initiated, changed and finally passed last year as a means of combating the high inflation rate experienced in the U.S. followingrelated to the pandemic. The goal was to reduce inflation by stimulating the economy via funding projects that would create jobs paying higher than minimum wage.
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