BlackRock Sustainable American Income Trust plc (LON:BRSA) one year on from the Inflation Reduction Act.
Capital at risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.
The Inflation Reduction Act celebrates its one-year anniversary in early August. The Biden administration’s flagship climate legislation directed $369 billion in clean energy tax credits and funding for climate and energy programs,1 money that is already working through the system to deliver the government’s decarbonisation ambitions.
We expect the Act to drive further innovation in new transition technologies, such as carbon capture, utilisation and storage (CCUS), next-generation nuclear and clean hydrogen. We also anticipate the Act may help reduce the US’s reliance on China for minerals and metals needed for renewable energy.
