Davos 2023: U.S. Inflation Reduction Act hailed as a game changer for climate

The head of the International Energy Agency said that new legislation by the United States aimed at combating domestic inflation was the most important climate agreement since the Paris Accord. | Reuters

IEA executive director Fatih Birol, speaking at a panel on energy security at the World Economic Forum, said the Inflation Reduction Act would drive investment into

cleaner energy.Vicki Hollub, chief executive officer of U.S. oil producer Occidental Petroleum Corp, called the act one of the most transformative bills ever signed.

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