Analyst Insight
Oil and gas

The Inflation Reduction Act puts the U.S. on a bumpy fast track to net-zero

Arij van Berkel, Ph.D.

Arij van Berkel, Ph.D.

Chief Product Officer

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On Friday, August 5, the U.S. Senate passed a new bill named the Inflation Reduction Act (IRA). The IRA is thus set to close two-thirds of the gap in reducing emissions between the current policy and the policy goal of reducing emissions by 50% by 2030. As effective as the IRA is to accelerate investments, it doesn’t do anything to address the
energy transition as a system transition. That means the road ahead will be fast and bumpy (RE)…
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