Breakdown of climate-related provisions of IRA in the U.S. 2022-2031, by key segment
The Inflation Reduction Act (IRA) will fund almost 400 billion U.S. dollars toward climate technologies and energy infrastructure over the next decade. Of this total, an estimated 69 percent will be tax credits, while the remaining costs will be direct expenditures on areas such as forestry and agriculture and energy loans. Clean electricity generation and storage will account for the largest share of spending, at 34 percent. The IRA represents the largest single climate spending bill in U.S. history.
