The recent Inflation Reduction Act might do little to fight soaring prices, but it’s the biggest climate change-fighting pact since the 2015 Paris Accord that former president Donald Trump pulled the United States out of, the head of a transnational energy policy group told participants of the globalist meet-up in Davos, Switzerland, on Tuesday.
Fatih Birol, executive director of the International Energy Agency (IEA), said during a panel on energy security that the Inflation Reduction Act, which passed with zero Republican backing and was signed into law by President Joe Biden in 2022, is in fact the most important climate agreement since the Paris Accord, because it would drive massive investment into cleaner energy.
