It has been clear for some time that efforts at the state level will play a crucial role in getting the United States to its goal of cutting emissions in half by 2030. Now, however, provisions of the Inflation Reduction Act (IRA) specifically targeted toward investments at the state level are posed to super-charge these efforts.
This report analyzes two of the biggest states catalyzing climate action, Michigan and New Jersey, to illustrate this dynamic as well as to give some sense of what is possible at the local level and how states can help to meet the U.S. 2030 target with help from the IRA.
This report will be discussed in detail at the event, Quo vadis IRA? State-level Deep Dives on Opportunities for Implementation, at the TCB Conference 2023. The session will dive into recent trends in climate policy at the state level. What have states enacted to grow their green economies? Which states are leading and have the most ambitious plans? Are only blue states focused on climate polices that both cut emissions and boost economic growth? Or are red states also moving forward with plans to grow their green economies? How will the IRA affect climate policy and the growth of green economies at the state level? Will certain states benefit more than others with regards to IRA funding? What more do states have to do to put the country on path to cut emissions by 50 percent by 2030? The session will answer these questions, and more.
This briefing was prepared under the Transatlantic Climate Bridge project, which is supported by the German Federal Government. The briefing is the independent work and sole responsibility of adelphi (coordinator of the Transatlantic Climate Bridge Program Office) and Climate Advisers and was neither commissioned by nor necessarily reflects the views of the Federal Government.