AAA October 2023 – Page 3

Reality check: Has the IRA made the US a magnet for cleantech investment?

President Joe Biden signs H.R. 5376, the “Inflation Reduction Act of 2022”, Tuesday, August 16, 2022, in the State Dining Room of the White House. (Official White House Photo by Cameron Smith)

The US’s $369bn climate legislation, the Inflation Reduction Act (IRA), promises to put the US at the forefront of the clean energy transition, but the act has its limitations.