Investments backed by the “reducing inflation” IRA and supporting America’s green industry are bringing an economic boom, big projects and plenty of jobs. This is evidenced by official data, which shows that there is room for more growth.

More than 100,000 clean energy jobs have been created in the U.S. private sector since last August, when Joe Biden’s famous climate act known as the IRA was passed, according to an analysis by climate power, a non-profit legal group. And these are only officially registered new jobs.

These jobs aimed at reducing greenhouse gas emissions include the production of electric vehicles and batteries, as well as wind and solar energy and projects to improve the energy efficiency of buildings.

Investments in clean energy in 31 states reach $90 billion.

Climate Power is listing more than 90 new clean energy projects in 31 states since the IRA was signed, totaling $90 billion in new investment. The state of Georgia has attracted the most investment so far, with $15 billion projects under development that are expected to create nearly 17,000 jobs, including a $2.5 billion solar panel plant and new battery plants in Atlanta to supply Hyundai and Kia electric vehicles. .

“CCA-approved clean energy and investment is bringing an economic boom,” said Laurie Loades, CEO and co-founder of Climate Power. “And this is just the beginning.”

Lounds founded Climate Power in 2020 with John Podesta, who has served in the Obama and Clinton administrations, and left the organization’s board last September to work at the White House as a climate action watchdog.

The Inflation Reduction Act, which aims to cut the country’s air emissions by 40 percent by 2030, provides billions of dollars in tax cuts and other incentives for green industry in the US. Even before the vote, the Greens group BlueGreen Alliance and the University of Massachusetts Institute of Political Economy Research at Amherst had already estimated that more than 9 million jobs would be created in the country within 10 years.