EPA released a new report that finds that President Biden's Inflation Reduction Act – the largest climate investment ever – spurs major carbon dioxide (CO2) emission reductions from the U.S. electricity sector and across the economy. The report, "Electricity Sector Emissions Impacts of the Inflation Reduction Act: Assessment of projected CO2 emissions reductions from changes in electricity generation and use," relies upon results from state-of-the-art models to assess how the Inflation Reduction Act's investments in clean electricity and other climate solutions across sectors will reduce emissions. Since taking office, the Biden-Harris Administration has delivered on the most ambitious climate agenda in history, which is lowering energy costs for families, creating jobs across the country, and protecting lands and waters for future generations.

This report is consistent with, and incorporates results from, recent reports issued by the Department of Energy and National Renewable Energy Laboratory, as well as results from a peer-reviewed analysis conducted by external, independent, energy and emissions modeling experts. The reports all show accelerated and significant reductions in U.S. carbon dioxide emissions with the implementation of the Inflation Reduction Act.