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UPDATED INFLATION REDUCTION ACT MODELING USING THE ENERGY POLICY SIMULATOR
Energy Innovation's modeling indicates that the Inflation Reduction Act (IRA) could reduce U.S. greenhouse gas emissions by 37-43% below 2005 levels by 2030, closing a significant portion of the gap toward the U.S. Paris Agreement commitments. The act is projected to significantly increase clean electricity generation (up to 85% share) and create up to 1.3 million jobs, while avoiding up to 4,500 premature deaths from air pollution. Despite emissions increases from required oil and gas leasing, the net effect remains overwhelmingly positive, with at least 28 tons of emissions avoided for every ton generated by those provisions.
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Document type: Research paper