Treasury Department Analysis Touts IRA Climate Benefits, Downplays Cost

The Treasury Department in a new analysis is touting the Inflation Reduction Act’s (IRA) climate and public health benefits that will stem from its various clean energy incentives, offering a public defense of the statute amid calls from GOP lawmakers to scale back its provisions in part because of their cost to the government. “The economic case for the IRA is stronger than sometimes realized,” several Treasury officials write in a March 1 article posted on the department’s website. “Common...