January 20, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The incentives for renewable energy outlined in U.S. President Joe Biden's signature Inflation Reduction Act (IRA) could lead to a 78% increase in investments in low-carbon energy, analysis from Wood Mackenzie (Edinburgh, Scotland) finds.

WoodMac estimates incentives in alternative forms of energy outlined in the IRA could lead to an increase in investments from $64 billion last year to nearly $114 billion by 2031.

Companies featured: BP plc (NYSE:BP)