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Inflation Reduction Act has ECM seeing green

Inflation Reduction Act has ECM seeing green


The IRA, which was approved by the US Senate and is winding its way through the US House before final sign-off by US President Joe Biden, provides US$369bn of tax incentives and other policies targeting green investments and energy security. Even before it is signed into law, it has affected investment behaviour.

“This bill provides a big shot in the arm of decarbonisation of industry, from how power is generated to how it is consumed,” said Keith Russell, a director at global mining consultancy Partners in Performance.

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