January 20, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The incentives for renewable energy outlined in U.S. President Joe Biden's signature Inflation Reduction Act (IRA) could lead to a 78% increase in investments in low-carbon energy, analysis from <a href='https://www.woodmac.com/' target='_blank'>Wood Mackenzie</a> (Edinburgh, Scotland) finds. WoodMac estimates incentives in alternative forms of energy outlined in the IRA could lead to an increase in investments from $64 billion last year to nearly $114 billion by 2031. Companies featured: <a href='https://www.bp.com/' target='_blank'>BP plc</a> (<a href='https://www.nyse.com/quote/XNYS:BP' target='_blank'>NYSE:BP</a>)