2min chapter

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Checkpoint 2023: Energy Efficiency Investment - Ep113: Jonathan Maxwell

Cleaning Up: Leadership in an Age of Climate Change

CHAPTER

The Inflation Reduction Act in the US

There is a misconception that the United States spends more money on green and efficiency than Europe. There are tax incentives, there are simplifications that have been introduced into policy which make the US much more attractive for certain types of investment. But again, let's put it back into context. This was a $550 billion bill, it was reduced to $369 billion,. It's going to take time to work its way through the system too. I think there's been a complaint that this has absorbed in capital and everything else away from Europe and the United States.

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