US Economy

TL/DR - Under the Biden administration, landmark climate legislation passed in 2022 is driving the United States towards a green future with billions being invested in renewable energy, transmission lines, and battery factories. Key legislation includes the Inflation Reduction Act, projected to dramatically reduce CO2 emissions, and a bill to…

TL/DR - At a recent forum, Sen. Sheldon Whitehouse and Sarah Hunt, president of the Joseph Rainey Center for Public Policy, discussed the lasting impact of the Inflation Reduction Act (IRA) on clean energy development. The IRA has played a key role in bolstering domestic clean energy production and addressing global supply chain issues, however,…

TL/DR - The Inflation Reduction Act (IRA) is the US' most significant investment in combatting climate change so far, with economic benefits from reduced greenhouse gas pollution expected to be over $5 trillion from now until 2050. These projections underestimate the benefits of the IRA as it also reduces local air pollution, providing health and…

TL/DR - In 2021, households accounted for about one third of U.S. CO2 emissions. A study from Vanderbilt researchers suggests that households may play a key role in reducing emissions due to recent legislation, including the Infrastructure Investment and Jobs Act (IIJA) of 2021 and Inflation Reduction Act (IRA) of 2022. The study found that,…