The Inflation Reduction Act is on its way to President Biden for his signature after passing in the U.S. House of Representatives today. The bill puts the U.S. on a path to reduce emissions by 40% by 2030 and will transform the economy.
A new study by BW Research shows the Inflation Reduction Act will drive more than $9 billion of investment into Washington, creating diverse jobs and opportunities across our economy over the next decade.
The analysis was commissioned by the The Nature Conservancy to understand the economic impacts of the bill’s climate and clean energy policies at the national and state level. The results show how investments in climate solutions—expanding all forms of clean energy, enhancing the ability of our farms and forests to absorb and store carbon, improving efficiency in homes and buildings, supporting American innovation and clean energy supply chains, improving the resiliency of our communities and landscapes, and reducing pollution—can support jobs, deliver worker earnings, and generate significant economic return.
