Analysis from the National Renewable Energy Laboratory predicts that recent federal legislation could lead to a surge of clean energy deployment, and rapid reduction of emissions, by 2030.
The Inflation Reduction Act and Bipartisan Infrastructure Law include more than $430 million for clean energy and climate change mitigation from 2022 through 2031, according to estimates from the Congressional Budget Office.
NREL modeled a range of scenarios to reflect the impact of both the IRA and BIL against a scenario in which neither policy was passed and implemented. An advanced power system planning model, the Regional Energy Deployment System, was used to evaluate how major provisions from both laws impact investment in and operation
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