Feature
Published on: 17. August 2023

One year of IRA: investment, jobs and climate action at a high price

TM_Climate_IRA_EN01
The USA's Inflation Reduction Act (IRA) was adopted a year ago. And the billion-dollar subsidy program is showing initial successes: It is helping to reduce emissions, attracting investment in green industries and creating industrial jobs. Critics criticize the high price.

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Last updated: 24. July 2025
Economic policy Economy Energy transition Energy turnaround Inflation Reduction Act USA
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