Economy

A climate investors’ guide to the Inflation Reduction Act

(Bill Sternberg is a veteran Washington journalist and former editorial page editor of USA Today.)

WASHINGTON, D.C. (Callaway Climate Insights) — Whether the Inflation Reduction Act of 2022 would reduce inflation is questionable. A new Wharton study says the effect of the legislation — a rebranded, slimmed down version of the bill formerly known as Build Back Better — on prices would be negligible. The act would increase inflation very slightly until 2024 and decrease it after that, with the overall impact being “statistically indistinguishable from zero,” the study concluded.

But if the measure, which contains some $370 billion in climate-related provisions, survives the remaining hurdles in Congress, it would undoubtedly be America’s most ambitious action to combat global warming and would have a massive impact on the clean energy industry. Here’s a look at just some of the potential private-sector winners if the 725-page bill, crafted in secret by Senate Majority Leader Charles Schumer (D-N.Y.) and Sen. Joe Manchin (D-W.Va.), makes it across the legislative finish line:…

Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.

Sponsored: Find a Qualified Financial Advisor

Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.