For example, that 42% would need an astonishing turnaround for so-called carbon capture technologies. With the IRA, according to the model, emissions could fall about 42%.īut the model relies on some suspect reductions. Its model estimates that, without any new legislation, emissions will fall about 27% from 2005 highs. Several models claim to predict the IRA’s outcomes, but the one getting the most attention is from Princeton University’s REPEAT Project. So where does that 42% number come from? And is that reduction actually likely? Instead, this legislation relies on carrots (money to nudge private markets in the right direction) over sticks (actual mandates to reduce pollution).

In fact, there are no emissions targets in the bill at all. For climate advocates, the headlining claim is this: the IRA would reduce greenhouse gas emissions by about 42%.īut that target isn’t actually in the bill. The Inflation Reduction Act (IRA) takes aim at a lot of things over the next decade–everything from prescription drug prices to corporate tax rates.

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