The IRA is projected to decrease US emissions, but miss Biden’s 2030 target

Models of US emissions with and without the Inflation Reduction Act

Change from

2005 levels

Historical

Modeled

emissions

-10%

Without IRA

-20%

-27%

-30%

-35%

-40%

With IRA

-43%

-48%

-50%

2030 IRA target

-50 to -52%

2005

2015

2025

2035

Change from

2005 levels

Historical

Modeled

emissions

-10%

Without IRA

-20%

-27%

-30%

-35%

-40%

With IRA

-43%

-48%

-50%

2030 IRA target

-50 to -52%

2005

2010

2015

2020

2025

2030

2035

Change from

2005 levels

Historical

Modeled

emissions

-10%

Without IRA

-20%

-27%

-30%

-35%

-40%

With IRA

-43%

-48%

-50%

2030 IRA target

-50 to -52%

2005

2010

2015

2020

2025

2030

2035

Change from

2005 levels

Historical

Modeled

emissions

-10%

Without IRA

-20%

-27%

-30%

-35%

With IRA

-40%

-43%

-48%

-50%

2030 IRA target

-50 to -52%

2005

2010

2015

2020

2025

2030

2035

Change from

2005 levels

Historical

Modeled

emissions

-10%

Without IRA

-20%

-27%

-30%

With IRA

-35%

-40%

-43%

-48%

-50%

2030 IRA target

-50 to -52%

2005

2010

2015

2020

2025

2030

2035