IRAirl: The IRA Turns 1!

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The 411:

The IRA is the largest investment in climate and clean energy in American history. And since its passage one year ago, it’s been fostering a thriving clean energy economy around the country. From incentives driving an American “manufacturing renaissance,” to the creation of over 170,000 new jobs already, it’s clear the IRA isn’t slowing its roll. On top of that, booms in industries like solar and electric vehicle (EV) manufacturing have opened the door for the U.S. to become a leader in the global clean transition, galvanizing both domestic and foreign private investment that’s boosting the U.S. economy. These impacts are felt from the top, down. Americans from the Midwest to the Southeast and beyond are benefiting from lower costs, better jobs, and healthier communities. And a record amount of those investments going to those from historically disadvantaged communities, thanks to the Biden administration’s Justice40 Initiative. At the time of its passage, the IRA carried the weight of great expectations. A mere 365 days into its implementation, the IRA is soaring past those expectations and making our clean energy future a reality—with so much more to come.

At a Glance:

• 365 DAYS OF THE IRA: A “manufacturing renaissance,” emissions projected to be cut in half by 2050, a clean energy boom that just keeps on growing, jobs on jobs on jobs, and so. much. more. to celebrate the IRA’s first birthday!

• SOARING SOLAR: The second largest single-phase solar project in the U.S., a $1 billion dollar solar project comes to the U.S.A., and a key solar manufacturer invests $1.1 billion on a fifth U.S. solar panel factory.

• MAJOR MOVES IN THE MIDWEST: Whitmer admin plans to move further, faster toward its clean energy commitments, a coalition of key rural electric co-ops plans to apply for IRA clean energy funding, and Pennsylvania leaders invest in training green workforce.

• IRA IMPACTS & UPDATES HOT OFF THE PRESSES: The IRA’s impact on green housing, companies compete for $1.2 billion in carbon removal tech, California’s vehicle fleet hits new clean milestone, and centering frontline communities in the clean energy transition.