SUSTAINABLE-INVESTING practice question 27 of 35
Which of the following sectors receives the highest investment from the Inflation Reduction Act of 2022 (IRA)?
Full set: 802 questionsThe Inflation Reduction Act (IRA) of 2022 is the largest U.S. investment in climate action, focusing on clean energy incentives, tax credits, and subsidies. Why A (Clean energies) is correct: The IRA allocates $369 billion toward energy security and climate change initiatives, with the majority going to clean energy technologies such as: Renewable energy (solar, wind, geothermal) Energy storage systems Hydrogen energy and biofuels Why not B or C? B (Clean transport) receives significant investment (EV tax credits, charging infrastructure) but is not the largest category. C (Clean electricity) benefits indirectly, but the IRA prioritizes energy sources rather than distribution.
Reference: U.S. Department of Energy: IRA Funding Breakdown (2023) Congressional Budget Office: Economic Impact of the Inflation Reduction Act (2022)
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