Climate Policy Is Still Good for Business
Catia Tănase
On July 4, U.S. President Donald Trump signed his party’s One Big Beautiful Bill Act, which, among other things, slashed around $500 billion from the clean energy tax credits at the heart of the 2022 Inflation Reduction Act. In addition to reducing emissions, the IRA has helped drive more than $800 billion in committed and pending private investments in clean energy and manufacturing. Public opinion supported the subsidies, and many Republican districts—where 80 percent of the money went—
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