FACT SHEET: Clean Manufacturing Investments in the Inflation Reduction Act
The Inflation Reduction Act makes historic investments to expand clean energy and electric vehicle manufacturing, and to transform the industrial sector to reduce emissions and enhance competitiveness. These investments will be a game-changer in boosting clean manufacturing in the U.S.
Manufacturing revitalization is essential to address climate change, support and create good union jobs, and advance racial, economic, and environmental justice. With strong public investments, the U.S. can cut industrial emissions—a leading source of climate and air pollution—while building reliable clean energy supply chains that equitably create good jobs. We cannot and need not hitch climate action to overseas production that is often exploitative, polluting, and vulnerable. The Inflation Reduction Act of 2022 will be critical for getting this job done.
The more than $50 billion in clean manufacturing investments in the law will create an estimated 900,000 jobs over the next decade. The law also includes targeted funding for manufacturers to invest in communities facing coal facility closures due to the energy transition, which could support job creation in these hard-hit communities that powered our nation for generations.