The Inflation Reduction Act (IRA) will fund almost 400 billion U.S. dollars toward climate technologies and energy infrastructure over the next decade. Of this total, an estimated 69 percent will be tax credits, while the remaining costs will be direct expenditures on areas such as forestry and agriculture and energy loans. Clean electricity generation and storage will account for the largest share of spending, at 34 percent. The IRA represents the largest single climate spending bill in U.S. history.
Distribution of Inflation Reduction Act (IRA) spending in climate technologies and energy infrastructure in the United States through from 2022 through 2031, by major segment
Based on expenditure of 392 billion U.S. dollars through FY 2031.
Supplementary notes
Fiscal score of the climate-related provisions of IRA by major category. Values are based on the September 7, 2022 CBO score. Figures were calculated by Statista using data provided by the source.
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Brookings Institution. (March 30, 2023). Distribution of Inflation Reduction Act (IRA) spending in climate technologies and energy infrastructure in the United States through from 2022 through 2031, by major segment [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1417761/us-inflation-reduction-act-climate-spending-shares-by-segment/
Brookings Institution. "Distribution of Inflation Reduction Act (IRA) spending in climate technologies and energy infrastructure in the United States through from 2022 through 2031, by major segment." Chart. March 30, 2023. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1417761/us-inflation-reduction-act-climate-spending-shares-by-segment/
Brookings Institution. (2023). Distribution of Inflation Reduction Act (IRA) spending in climate technologies and energy infrastructure in the United States through from 2022 through 2031, by major segment. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1417761/us-inflation-reduction-act-climate-spending-shares-by-segment/
Brookings Institution. "Distribution of Inflation Reduction Act (Ira) Spending in Climate Technologies and Energy Infrastructure in The United States through from 2022 through 2031, by Major Segment." Statista, Statista Inc., 30 Mar 2023, https://www.statista.com/statistics/1417761/us-inflation-reduction-act-climate-spending-shares-by-segment/
Brookings Institution, Distribution of Inflation Reduction Act (IRA) spending in climate technologies and energy infrastructure in the United States through from 2022 through 2031, by major segment Statista, https://www.statista.com/statistics/1417761/us-inflation-reduction-act-climate-spending-shares-by-segment/ (last visited December 21, 2024)
Distribution of Inflation Reduction Act (IRA) spending in climate technologies and energy infrastructure in the United States through from 2022 through 2031, by major segment [Graph], Brookings Institution, March 30, 2023. [Online]. Available: https://www.statista.com/statistics/1417761/us-inflation-reduction-act-climate-spending-shares-by-segment/
