Source: National League of Cities
The ambition of the historic climate and clean energy provisions from the Inflation Reduction Act (IRA) is to serve as a significant economic driver for reducing greenhouse gas emissions and building community resilience in the face of more severe and frequent extreme weather events. This legislation also builds on the historic investments in our nation’s infrastructure through the Bipartisan Infrastructure Law.
The IRA is estimated to reduce emissions by 40 percent by 2030—still shy of the goals set forth by the Paris Climate Agreement. While the grant programs and tax credits from the IRA represent the largest investment in climate action in American history, there remains much for leaders at all levels of government to do to mitigate the effects of climate change, which we see daily in communities across the country.
As we celebrate the 1-year anniversary of the IRA, signed on August 16, 2022, this blog is the first of a two-part series looking at the status of 10 key programs from the IRA—what is already out from the agencies and the next big things on the horizon for local governments—and resources for local leaders.
Read the funding opportunities here: Climate and Clean Energy Programs One Year After the Inflation Reduction Act: Current Opportunities