Remarks by Deputy Secretary of the Treasury Wally Adeyemo on Inflation Reduction Act Technical Assistance

As Prepared for DeliveryGood morning and thanks for having me. As you all know, the Inflation Reduction Act marks a generational investment in clean energy and our economy. It opens the door to a historic opportunity, but we know we can only take advantage of this opportunity if we implement the law effectively and quickly. Your engagement, support, and leadership over the past two years is helping us do so.Already, the IRA tax incentives are leading to unprecedented levels of private sector investment in clean energy and clean energy manufacturing. Over the past two years, companies have announced more than 1,600 clean energy projects representing over $336 billion in investment.These investments and the jobs they are creating are going to communities that are too often left out and left behind. Seventy percent have gone to areas where a smaller share of the population is employed.