Last week Congress passed the Inflation Reduction Act, which now heads to President Biden’s desk to be signed into law. The bill has been championed as a “climate change bill”, but it also allocates hundreds of billions of dollars over the next decade to several programs designed to reduce inflation. Let’s discuss the energy provisions in the bill. (You can see the full text of the 730 page bill here). The combined investments are aimed at putting the U.S. on a path to roughly 40% emissions reduction by 2030. They represent…
