After Kamala Harris cast the deciding vote to pass the Inflation Reduction Act in 2022, she praised the bill for benefitting millions of Americans. Two years later, during her presidential campaign, Harris highlighted the impact of the legislation on clean energy jobs and economy.
The Inflation Reduction Act (IRA) is seen as a major success by analysts, with $370 billion invested in clean energy technology. This investment has catalyzed private investment in clean energy projects, creating over 149,000 new jobs in the energy sector in the first year alone.
The US is experiencing a boom in clean energy manufacturing, particularly in electric vehicles. Despite delays and criticism from Republicans, the IRA is gaining momentum, creating economic opportunities and positioning the US as a leader in clean energy manufacturing.
While some lawmakers have called for changes to the legislation, the overall consensus is positive. The IRA has spurred growth in the clean economy, with the potential to add billions to the GDP and drive competitiveness in manufacturing.
As the US moves towards a cleaner and more sustainable future, the importance of continuing to support clean energy initiatives is evident. Maintaining the momentum created by the IRA is crucial for economic growth and environmental sustainability.