In what is being heralded as the most significant US climate legislation in history, the House of Representatives approved the “Inflation Reduction Act of 2022” (IRA) on 12 August. The US IRA marks a pivotal milestone for the US’ energy system transformation, with the bill including a number of key clean energy provisions fuelling significant investments in (i) hydrogen; (ii) biofuels (inclusive of sustainable aviation fuels – SAF); and (iii) carbon capture.
In this week’s podcast, Ehsan Khoman, Head of Emerging Markets Research (EMEA), delves into the details into the newly minted law that contains USD 369 billion in funding and why it may prove transformational for tackling climate change.
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