Examining the Visionary Climate Provisions of the 2022 Inflation Reduction Act

Passage of the Inflation Reduction Act (IRA) in 2022 was a huge step forward for the U.S. on the path to a net-zero economy. The IRA affects all sectors and addresses both greenhouse emissions and the need for carbon dioxide removal. Karl Hausker explores several IRA provisions that are still contentious within climate policy circles, along with the implementation challenges we can expect in the decade ahead.

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Dr. Karl Hausker is a Senior Fellow in WRI’s Climate Program. He leads analysis and modeling of net-zero emission pathways, and leads work on electricity market design. He has worked for three decades in the fields of climate change, energy, and environment in a career that has spanned legislative and executive branches, research institutions, NGOs, and consulting.  He served from 1993-1995 as the Deputy Asst Administrator in EPA’s Policy Office. Previously he served six years as Chief Economist for the Senate Energy and Natural Resources Committee. Karl holds an M.P.P and Ph.D. in Public Policy from University of California, Berkeley, and received his B.A. in Economics from Cornell University