The Inflation Reduction Act Took U.S. Climate Action Global. Here's What Needs To Happen Next

When the U.S. Inflation Reduction Act (IRA) passed a year ago, some of our international allies greeted it with a level of concern if not consternation given the IRA’s focus on expanding U.S. clean energy markets. But in fact, the IRA was not intended to be, nor is it, protectionist. Its mission, coupled with the Bipartisan Infrastructure Law and the CHIPS and Science Act, was to spark private- and public-sector investment across the U.S.—in red and blue states—and beyond, while restoring U.S. leadership on the global stage.

In its first year of implementation, the...