Manya Rathore
Research expert covering India
Cleantech in the U.S. - statistics & facts
The Inflation Reduction Act (IRA) was enacted in 2022 as the single largest climate spending bill in U.S. history. Since then, investment for the manufacturing and deployment of key clean technologies have soared. The U.S. now has its sights set on supplanting its biggest rival in the clean energy arms race, China, to become the world’s leading cleantech superpower. But with China currently dominating cleantech value chains, the U.S. has its work cut out to achieve its ambitions.
