U.S. Dept. of Energy Report: “The Inflation Reduction Act of 2022 represents a historic, $369 billion investment in the modernization of the American energy system. The U.S. Department of Energy’s (DOE) preliminary assessment finds that this law—in combination with other enacted policies and past actions—will help drive 2030 economy-wide greenhouse gas (GHG) emissions to 40% below 2005 levels. The legislation would get the U.S. a significant way towards our overall 2030 climate goals, positioning the U.S. to reach 50-52% GHG emission reductions below 2005 levels in 2030 with continued executive branch, state, local, and private sector actions not included in this analysis. Examples of continued executive branch actions include implementation of the recently enacted CHIPS Act as well as updates to standards that drive energy efficiency and pollution reduction from the transportation, power, building, and industrial sectors. DOE estimates that the clean energy provisions of the Inflation Reduction Act of 2022 and the Bipartisan Infrastructure Law of 2021 together could reduce emissions by approximately 1,000 million metric tons (MMT CO2e) in 2030, or about a gigaton. Considering the other climate and energy provisions of these laws brings the total to nearly 1,150 MMT CO2e. These expected emissions reductions are equivalent to the approximate combined annual emissions released from every home in the United States…”