EPA: Climate law will cut carbon emissions up to 43 percent ...Middle East

The Inflation Reduction Act (IRA) is poised to cut economy-wide carbon emissions by up to 43 percent relative to 2005 levels, according to the first Environmental Protection Agency (EPA) report on the 2022 climate and infrastructure law. The report, released Tuesday, indicates the IRA cuts economy-wide emissions between 35 and 43 percent below 2005 levels in 2030. In the electric power sector specifically, it cuts emissions between 49 percent and 83 percent from 2005 levels, according to the EPA. The report projects 2030 carbon emissions from electricity at between 11 percent and 67 percent lower than a scenario in which the IRA was not implemented. The EPA noted that a “handful” of

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