Winners, losers abound as Inflation Reduction Act becomes law

President Joe Biden signed the climate-and-energy-focused Inflation Reduction Act into law today, a turn of events that just a few months ago seemed impossible. The move will undoubtedly bolster the United States’ stance in the next round of climate negotiations. And by the end of the decade, it’s expected that the law will reduce the country’s emissions by 40% below 2005 levels. That’s enough to put the country within spitting distance of reductions that could limit warming to 1.5 degrees Celsius.
As with any legislation, there are winners and losers. In the new law, climate tech is undoubted

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