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The Inflation Reduction Act (IRA) is projected to reduce U.S. greenhouse gas emissions by 37% to 43% below 2005 levels by 2030, significantly closing the gap toward the U.S. Nationally Determined Contribution (NDC). While oil and gas leasing provisions may increase global emissions by 17 to 29 MMT CO2e, these are heavily offset by other IRA provisions. The legislation is expected to create up to 1.3 million jobs, prevent up to 4,500 premature deaths from air pollution, and increase U.S. GDP by 0.65% to 0.77% by 2030.