Industrial Policy Is America’s New Climate Policy

Industrial Policy Is America’s New Climate Policy
Wind turbines at work in Livermore, Calif., Aug. 10, 2022 (AP photo by Godofredo A. Vásquez).

This week, U.S. President Joe Biden signed the Inflation Reduction Act, or IRA, into law. The act, which aims to transition the U.S. power sector to using 100 percent renewables by 2035, represents the biggest commitment to climate policy in U.S. history. But the IRA is a game-changer not just in size, but also in scope.

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