The Electric Explainer: Key programs in the Inflation Reduction Act and what they mean for Americans
View and download the PDF from Rewiring America that explains key programs in the Inflation Reduction Act
The Inflation Reduction Act of 2022 (IRA) includes $369 billion for “Energy Security and Climate Change,” the single largest climate investment in American history. Together, these programs will reduce U.S. carbon pollution 40 percent below 2005 levels by 2030, getting us four-fifths of the way to President Biden’s aggressive climate goal. It will also help us curb fossil-flation and bring energy bill relief to American households. Further, a record $60 billion of these investments will go to environmental justice communities, including reducing pollution and making clean energy more accessible.