In a recent blog post, we described how clean investments incentivized by the Inflation Reduction Act (IRA) are going to disadvantaged communities, including areas with low incomes, low educational attainments, high unemployment rates, and so-called “Energy Communities”— areas with local economies historically reliant on fossil fuels for employment, wages, and tax revenue. Since we published that blog, the Massachusetts Institute of Technology and Rhodium Group Clean Investment Monitor (CIM) has released an additional data, adding investments announced between July and December 2023. This post updates our previous analysis using the most recent data, confirming investments continue to be concentrated in disadvantaged communities.
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