Publication date: January 15, 2024
Assessment of Inflation Reduction Act by Major Investor

Assessment of Inflation Reduction Act by Major Investor

A leading clean-energy investor expresses concern that the Inflation Reduction Act may favor intermediaries over funding green projects.

Legislation

A significant figure in the clean-energy investment sector, who manages an asset portfolio worth around $50 billion, has indicated a shift in stance towards the Inflation Reduction Act. Initially, the legislation was welcomed for its potential benefits to the sector. However, the investor now points out that the complexities and bureaucratic hurdles introduced are disproportionately benefiting middlemen, which could lead to a diminution of funds allocated directly to renewable energy projects. This realignment in perspective calls for further scrutiny of the legislation's impact on the clean energy landscape.