The U.S. is poised for a manufacturing boom as companies tap into government subsidies, with pledges to spend tens of billions of dollars on new projects. One example of this is the Inflation Reduction Act (IRA), which was passed by Congress last August. Measures in the IRA to support climate change initiatives alone are worth roughly $400 billion over a 10-year period.
This legislation is conservatively estimated to mobilize over $1.6 trillion in clean energy capital.
