The Inflation Reduction Act (IRA) and its Impact on the Chemical Industry
Frost & Sullivan Manufacturing
SEPTEMBER 9, 2022
The IRA will be in effect from January 2023 to December 2032, with the goal of improving energy security, reducing emissions by 40% below 2005 levels, reducing the national deficit, lowering household medication costs, and lowering inflation. The deficit should be reduced because the bill should collect more money than it will invest.
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