One year of IRA: investment, jobs and cl • Table.Briefings

The USA’s Inflation Reduction Act (IRA) was adopted a year ago. And the billion-dollar subsidy program is showing initial successes: It is helping to reduce emissions, attracting investment in green industries and creating industrial jobs. Critics criticize the high price.

When the US Inflation Reduction Act (IRA) went into effect a year ago, there was a lot of excitement. The subsidy program for the establishment of green industries, initially budgeted at 369 billion dollars, put European manufacturers at a disadvantage and could lead to a trade war and a race for government subsidies, according to fears.

One year of IRA: investment, jobs and climate action at a high price

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