Inflation Reduction Act: Quiet green change: Biden writes a success story with climate law - but hardly anyone notices

If you want less CO2 in the atmosphere, it costs money.

Inflation Reduction Act: Quiet green change: Biden writes a success story with climate law - but hardly anyone notices

If you want less CO2 in the atmosphere, it costs money. Lots of coal. Colloquially, of course. Because climate protection is expensive. But it's worth it, as the USA is proving.

On August 16, 2022, US President Joe Biden ceremoniously signed the document that was to be not only his legacy, but also the beginning of a green transition: the Inflation Reduction Act (IRA for short). What sounds like dry budgetary policy is actually one of the most ambitious projects in recent US history, the heart of Biden's ambitious economic policy, "Bidenomics".

Access to all STERN PLUS content and articles from the print magazine

ad-free

Already registered?

NEXT NEWS