While the Inflation Reduction Act may have a debatable impact on inflation, there is no doubt that it will be a boon for the renewable energy sector. The act allocated $280 million to the development of nuclear fusion projects. The inclusion of nuclear fusion in the bill marks a huge step forward for emerging energy technology. In August, President Joe Biden enacted the Inflation Reduction Act, which includes a wide array of provisions impacting varied topics such as Medicare, prescription drug prices, the Affordable Care Act, IRS funding, corporate tax law, electric vehicles, and renewable energies. So what doesn’t the Inflation Reduction Act do? Well, for one thing, it doesn’t lower inflation. According to a study by the Wharton School of the University of Pennsylvania, “The impact on inflation is statistically indistinguishable from zero.” In fact, the Inflation Reduction Act was not initially drafted as a response to rising […]