EIA: The Inflation Reduction Act Will Drive Down CO2 Emissions by 2050

April 14, 2023--Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The U.S. energy ecosystem is projected to get cleaner and greener through 2050, significantly aided by the provisions of the Inflation Reduction Act of 2022 (IRA), according to the U.S. Energy Information Administration's (EIA) Annual Energy Outlook (AEO 2023), released March 16. The IRA is slated to invest about $369 billion through 2032 in a wide-ranging effort to lower carbon dioxide (CO2) emissions across the economy.