This recently enacted legislation, which directs nearly $480 billion to climate and energy initiatives, is likely to have profound, far-reaching effects on energy systems, supply chains, policies, and trade, both within the US and across the globe. This funding will drive material changes to multiple industries—including energy, transportation, and manufacturing—and will spur developments in clean tech and other innovation. In this edition of BCG’s Executive Perspectives series, we offer a closer look at the key climate and energy features of the US Inflation Reduction Act, examining the implications it bears, and opportunities it provides, for firms in the years ahead.
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