When the United States passes era-defining economic legislation think New Deal of the 1930s, or Dodd-Frank, in 2010 it tends to go large, and the latest epoch-making iteration of American regulatory rulings, the US Inflation Reduction Act IRA, is no exception.
Although, as the title of the act suggests, it is designed to put pressure on some of the sources of regional inflation, its provisions constitute some of the world’s most ambitious climate directives yet, containing $369 billion worth of funding to accelerate the States’ transition to net zero.
The concern for Asia especially for the region’s commodity-rich nations, such as Australia and China is...
¬ Haymarket Media Limited. All rights reserved.
