On 16 August 2022, the Inflation Reduction Act (IRA) entered into force with President Biden’s signature. This American legislative package is seeking to build a new clean energy economy by investing USD 370 billion in green energy through numerous tax incentives, grants and loans, accelerating private investments and reducing energy costs for American families and businesses. Furthermore, the IRA is strengthening the supply chain in every part of the US – all the way from critical minerals to efficient electric appliances.
The green shift concerns the entire business industry. Everything from small, local family businesses to large listed companies are already subject to strict rules, while at the same time they will have to adapt to new requirements and regulations in the coming years. This creates challenges, but also offers great opportunities. We at SANDS have the necessary expertise to provide valuable advice on how companies are affected by and should adapt to take part in the green shift. Contact one of our specialists within your industry for a conversation about how we can assist you in this important work.