Treasury Secretary Janet Yellen will be touting tax credits and other private sector incentives passed in the Inflation Reduction Act in North Carolina this week, saying they will help low energy costs for consumers and greenhouse gas emissions across the U.S. But Yellen says the government will also rely on the private sector to help meet its climate goals by reducing emissions by at least half from 2005 levels in 2030. "Specifically, government must provide the basic foundations and long-term certainty that businesses need to invest at scale and drive the transition toward a clean energy future," Yellen will say. The legislation will spur "a significant mobilization of private investment into the clean energy sector," according to her remarks. "Combined with the business tax credits, this investment is expected to further push down the costs of clean energy production.

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