2024-05-26
http://w3.windfair.net/wind-energy/news/45012-bloombergnef-inflation-reduction-act-usa-net-zero-decarbonisation-carbon-capture-electrification-policy-2050-ira

Report: Inflation Reduction Act alone is not enough

Image: PixabayImage: Pixabay
The Inflation Reduction Act gets the U.S. closer to net zero, according to BNEF, but it is still not enought to reach net zero in 2050

Official Press Release BloombergNEF:

Report Shows That Inflation Reduction Act Alone Won’t Set United States on Track for Net Zero

Wind Industry Profile of
Report Shows That Inflation Reduction Act Alone Won’t Set United States on Track for Net Zero

BloombergNEF: The Inflation Reduction Act gets the US closer to net zero, with renewables, carbon capture, and electrification leading the way – but more action is needed.

Landmark climate bill gets the country closer to net zero, according to BNEF modeling. Provisions under the Inflation Reduction Act could result in a 40% drop in energy-related emissions by 2035 and 55% by 2050, compared to 2021. Electrification emerges as the most cost-effective way to decarbonize multiple parts of the economy, which will need significant investment in clean power supply as well as grid infrastructure. BloombergNEF’s Policy Scenario shows that the US needs mandates and regulations to complement the IRA’s incentives and push hard-to-abate sectors like... ... More: Official Press Release BloombergNEF

Keywords:
BloombergNEF, Inflation Reduction Act, USA, net zero, decarbonisation, carbon capture, electrification, policy, 2050, IRA







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