After being signed into law yesterday, the Biden administration’s Inflation Reduction Act (IRA) aims to introduce additional climate protections and investments in clean energy alternatives such as hydrogen and fuel cell electric vehicles.
By committing to clean energy, the IRA promises to accelerate decarbonisation of the US economy and create ‘high-quality’ jobs.
Welcomed by the clean energy industry, the Act is seen as a tool that can help advance development of nascent clean energy technologies.
Calling it a ‘watershed’ piece of legislation, Kareem Afzal, CEO, PDC Machines, said, “This bill address two points of anxiety for Americans at once: the creation of high-quality jobs and the orle of climate change in their daily lives.”
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