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Climate Tech Startups on the rise: The One-Year Impact of the IRA

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Climate Tech Startups on the rise: The One-Year Impact of the IRA

For climate tech startups, the fruition of the Inflation Reduction Act (IRA) is becoming increasingly apparent.

Enacted into law by President Joe Biden in August 2022, the IRA has earmarked an impressive $400 billion in federal funding dedicated to propelling clean energy projects.

This commitment aligns with the ambitious goal of the United States to achieve a substantial 40% reduction in economy-wide greenhouse gas emissions by 2030.

A remarkable upturn is occurring within the startup landscape as they begin to benefit.


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