New York City, USA – June 25, 2016: The New York Stock Exchange on Wall Street. It is the largest stock exchange in the world by market capitalization. GETTY

The United States economy has rebounded strongly from the Covid-19 recession, aided by a heavy-handed and enduring government policy response. Since the pandemic hit, the U.S. economy has grown by 5.4%, while those of the remaining G7 have only increased by an average of 1.4%.

Excerpt: Peter Davidson, CEO and Founder at Aligned Climate Capital, says that ‘the passing of the IRA and BIL has been a positive development to reinvigorate U.S. manufacturing. We are already seeing U.S.-based companies such as community solar developer Summit Ridge Energy announce historic investments thanks to Qcells’ new solar manufacturing facilities in Georgia, all made possible by the IRA. Through the provisions in the IRA, such as tax credits for mining and domestic manufacturing, we should see supply chain issues ease and enable the United States to scale the necessary investments and compete globally for cleantech manufacturing.

Read more: Forbes