In addition to supercharging the US solar, wind and EV industries in the near term, incentives in President Joe Biden’s landmark climate law are paving the way for still-nascent technologies to help bring down global greenhouse gas emissions in decades to come.
Buoyed by provisions in the Inflation Reduction Act, three emerging technologies — sustainable aviation fuel, clean hydrogen and direct air capture — could reduce carbon emissions by 99 million to 193 million metric tons per year after 2030, roughly equivalent to the carbon emissions of, respectively, Virginia or Pennsylvania in 2020, according to an analysis released Thursday by the research firm Rhodium Group.
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