Assessing the Inflation Reduction Act, Economic benefits of research, News & Updates
- Jun 12
- 2 min read
Updated: Jun 13
In this month's newsletter, June 2025
The US Inflation Reduction Act
Assessing the effectiveness of its place-based policy
The Economic Benefits of Scientific Research
Upcoming webinar from eftec and UKCEH
Research & News Update
Including Biodiversity Net Gain public consultations
The Inflation Reduction Act:
Is Place-Based Green Industrial Policy Effective?
Next Webinar, June 25, with Joep Kuezenkamp
June 25, 12:15 - 13:15
Click here for more details and to register
While the Inflation Reduction Act has been'gutted' by House Republicans, our next webinar showcases research into its effectiveness.
Join Joep Kuezenkamp, University of Utrecht, showcasing his latest research estimating the short-term effects of a place-based green industrial policy embedded in the U.S. Inflation Reduction Act (IRA).
The IRA targets “Energy Communities”—areas historically dependent on fossil fuels—with enhanced tax credits for solar and wind energy. These communities are characterized by long-term economic decline and are considered vulnerable to the energy transition. Using a difference-in-differences approach, the research compares treated and untreated areas to assess impacts on investment, labour demand, and political outcomes.
The Economic Benefits of Scientific Research
Upcoming webinar from eftec and UKCEH | July 9, 10:00 - 11:00
July 9, 10:00 - 11:00
Research providers are under increasing pressure to prove their value for money and report the impact of the information they generate. eftec and UKCEH have helped several clients with this challenge over the years, revealing the value chain of their research and benefits and value that are generated. Applications include the value of corporate carbon disclosures, non-financial reporting, species monitoring, citizen science, marine measurements and more!
In a recent project, eftec looked at two of the UKCEH’s publicly-funded data platforms, and found that the information provided about one non-native species alone is likely to avoid £10 million per year in management costs. UKCEH and eftec continue to work together to apply the approach to other data platforms and research programmes.
The webinar will cover the approach to valuing data, insights and research; example projects where these approaches have been applied, and UKCEH's experience in commissioning and using this research.
Research & News Update
Including UK Biodiversity Net Gain Public Consultations
Below is a summary of research, news, and other updates that caught our eye this month:
Research Published this Month
New method for predicting global warming trajectories, improving monitoring of Paris agreement goals: Link
Global impacts dataset of invasive alien species: Link
AI system for land-use policy: Link
Multi-agent reinforcement learning for environmental policy: Link
Majority support for global redistributive climate policies: Link
Theoretical framework to examine how carbon pricing policies influence inflation: Link
News
EU Climate Target Debate: The European Commission is preparing to propose a 90% emissions reduction target by 2040: Link
Global Ocean Summit aims to ratify High Seas Treaty: Link
UK moves to ban bottom trawling in MPAs: Link
China invested more in overseas wind and solar than coal for the first time: Link
China's domestic emissions fell in Q1 2025 despite rising energy demand: Link
ECB Flags Water as Top Nature-Related Risk: The European Central Bank identified water scarcity as the most significant nature-related economic risk in the eurozone: Link
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