U.S. Inflation Reduction Act Sparks Interest from Developing Economies on Energy Transition Pathways
Article from: OGEL 4 (2024), in Energy Transition
Summary
Interest and curiosity around the implications of the Inflation Reduction Act (IRA) have yet to slow down nearly two years after its passage. The momentum is not only from U.S. industry and ancillary support services, such as consulting or law firms. Rather, global economies (in particular, developing economies) continue to ask questions around the direct implications of the IRA to their domestic climate targets, whether or how domestic industry can avail itself of the financial benefits under the IRA, and how ministries can replicate the incentives in their own laws to spur deployment ...
