How clean energy tax credit transferability can promote corporate sustainability goals and ESG performance
The U.S. Inflation Reduction Act of 2022 (IRA) not only delivered $270 billion in tax incentives to fight climate change, but it also effectively created a market for these incentives by making them transferable. With the annual trading volume of tax credits expected to grow to tens of billions of dollars over the next decade, sustainability leaders can seize the opportunity presented by this new market to support high-impact clean energy projects while also generating budget and resources to implement existing sustainability initiatives.
