Investor Brief: Inflation Reduction Act
On August 7th, the US Senate passed the Inflation Reduction Act, a package of tax, healthcare, climate, and energy measures that Democrats passed with no Republican support through the budget reconciliation process. The House of Representatives is expected to vote to pass the measure today, then it will head to President Joe Biden's desk for his signature.
The bill provides the most resources the US has ever marshaled to fight climate change. And the structure of the bill is significant for future climate investment – it is nearly all carrots and very few sticks. The $369 billion comes mostly in the form of tax credits and grants, which delivers on White House Climate Czar Gina McCarthy’s promise, which she detailed last summer at the RockCreek Climate Summit, to send a clear signal to investors about what the market will look like in the next decade and beyond.
Read more here Inflation Reduction Act-Investor Brief