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HomeEnvironmentDAVOS: IEA director says Inflation Reduction Act is new climate accord

DAVOS: IEA director says Inflation Reduction Act is new climate accord

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By Maha El Dahan
Davos, SWITZERLAND (Reuters) – The International Energy Agency (IEA) head said on Tuesday new legislation by the United States aimed at combating domestic inflation was the most important climate agreement since the Paris Accord.

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.

He said energy security was now the biggest driver of climate investment.

(Editing by Leela de Kretser and Andrew Heavens)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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