Investing in America: 3 Things you Should Know About President Biden’s Clean Energy Agenda

On the one-year anniversary of the Inflation Reduction Act, the U.S. Department of Energy (DOE) released a new report showing the incredible impacts that the Inflation Reduction Act and the Bipartisan Infrastructure Law are positioned to have by 2030. In celebration of IRA’s historic investments in clean energy and climate action, here are just three of the IRA and BIL impacts you can expect to see.

The Inflation Reduction Act and the Bipartisan Infrastructure Law, part of President Biden’s Investing in America agenda, are set to play a pivotal role in promoting clean, cost-effective electricity — and they're doing so while also reducing electricity bills. That's because clean energy sources like wind and solar are cheaper to operate once they’re built; unlike gas and coal plants, there are no fuel costs.

Americans can also save more on gasoline prices, which are forecasted to decline up to 13% between 2022 and 2030. That means lower energy prices for Americans, leaving people with more disposable income and cash in their pockets.

Electrification and improved efficiency in transportation and buildings enable the United States to dramatically reduce expenditures on foreign crude oil and petroleum products. President Biden’s commitment to energy independence will help protect Americans from volatile global oil markets.

Through a wide range of provisions and programs, the Inflation Reduction Act and the Bipartisan Infrastructure Law are working to reduce harmful greenhouse gas emissions across economic sectors. This new DOE analysis shows that this will be achieved by:

The Inflation Reduction Act and the Bipartisan Infrastructure Law will advance the nation toward our climate goals and strengthen the U.S. economy.

Check out the full report to learn more about the projected impacts of President Biden’s Investing in America Agenda >>>