The Inflation Reduction Act and Impact on the Mining Industry
Article from: OGEL 4 (2024), in Energy Transition
Introduction
For energy lawyers, the passage of the Inflation Reduction Act by the Biden Administration in August 2022 (the "IRA"), introduced a complex array of regulations that offer significant tax benefits, grants and loan guarantees for energy market participants, including critical mineral producers. Over the past two and a half years, stakeholders have been working diligently to comprehend the various requirements necessary to qualify for these financial incentives. With the global focus on achieving net-zero emissions and accelerating green energy projects, the IRA's passage ...
