This article is part of a series by The Conversation, Getting to Zero, examining Australia’s energy transition.
Just over a year since US President Joe Biden signed the Inflation Reduction Act (IRA) into law, it’s becoming clear this strangely named piece of legislation could have a powerful impact in spurring the global transition to net zero emissions by 2050.
But the vast amount of investment unleashed by the IRA has raised tensions with some of the United States’ closest allies, and creates risks, as well as opportunities, for Australia’s transition to clean energy sources.