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Clifford Chance

Clifford Chance


Inflation Reduction Act of 2022

16 August 2022

We are pleased to present this briefing regarding the Inflation Reduction Act of 2022 (the "IRA"), which Senator Chuck Schumer (D-NY) described as "The Boldest Clean Energy Package in American History." Hundreds of billions of dollars will be unlocked to support renewable energy project development and electrification initiatives in the United States.

The briefing provides a high-level overview of notable provisions relating to the introduction of new renewable energy, hydrogen, and "zero emissions" tax credits, and the extension and modification of certain existing renewable energy, CCUS, and other tax credits to support and facilitate the energy transition in the United States. The briefing is not intended to be an exhaustive analysis, so please note there are numerous incentives that we were not able to address. To discuss this briefing in more detail and to find out more about how we can help you, please do not hesitate to get in touch with the authors. 

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