Canada must act to remain a leader on clean energy and do its part in ensuring an equitable, prosperous and safe energy future for our world
Signed into law in August, the U.S. Inflation Reduction Act (IRA) has been heralded as the biggest single piece of legislative action aimed at fighting climate change that the world has ever seen. It is worth remembering, though, that the huge IRA is not just one policy — but many — and will touch multiple sectors in the months and years ahead. Here, we focus on what the IRA means for clean energy in the U.S., which — like Canada — has committed to a net-zero electricity grid by 2035.
With US$369 billion dedicated to direct investments and tax credits, the IRA represents the single largest investment into climate and clean energy in history. This includes several provisions to support investments in clean electricity