PERI Research Estimates Job Creation through Climate Bill

PERI Researchers Estimate that Inflation Reduction Act Will Generate More than 900,000 Jobs Per Year

On July 27, the U.S. Senate Democrats released the Inflation Reduction Act (IRA). This measure aims to reduce U.S. CO₂ emissions by 40 percent as of 2030 through over 100 separate climate, energy, and environmental justice programs. It also aims to lower health care costs and reduce the federal deficit. PERI researchers Robert Pollin, Chirag Lala and Shouvik Chakraborty estimate the U.S. employment impact of the climate-based programs. They find that, over a 10-year period, the IRA will generate an average of about 912,000 jobs per year through combined annual public and private investments at $98 billion.

> Read Report: "Job Creation Estimates Through Proposed Inflation Reduction Act"

> Read BlueGreen Alliance Fact Sheet
> Read Washington Post article


Contact: Kim Weinstein for more information.