A few years ago, you wouldn’t have been wrong to hold the United States responsible for the state of global climate warming so rapidly. It was the largest producer of crude oil, and it was also the biggest consumer, thus the largest producer of greenhouse gases through 2021.
However, in 2022 President Joe Biden and Congress took a step that redirected the U.S. on a new climate pathway and made it the most attractive place for climate and clean-energy investments. Known as the Inflation Reduction Act, the change offers companies developing batteries, EVs, and renewable materials exciting incentives to make operating in the United States more profitable. As a result, the country will more quickly adopt clean energy supplies and create new jobs to improve the environment and the economy. The IRA not only set the U.S. ahead in the climate race; it now positions the U.S. to provide expert leadership. For instance, Canada and France have proposed similar budget policies to offer incentives and tax credits to clean-energy companies.
