EPD Australasia

EPDs feature in United States Inflation Reduction Act 2022

WASHINGTON, DC – AUGUST 16: U.S. President Joe Biden (C) gives Sen. Joe Manchin (D-WV) (L) the pen he used to sign The Inflation Reduction Act with Senate Majority Leader Charles Schumer (D-NY) and House Majority Whip James Clyburn (D-SC) in the State Dining Room of the White House August 16, 2022 in Washington, DC. The $737 billion bill focuses on climate change, lower health care costs and creating clean energy jobs by enacting a 15% corporate minimum tax, a 1-percent fee on stock buybacks and enhancing IRS enforcement. (Photo by Drew Angerer/Getty Images)

Bigs news out of the USA with USD250 million allocated to manufacturers of construction materials to develop and verify EPDs, related technical assistance and “other activities that assist in measuring, reporting, and steadily reducing the quantity of embodied carbon of construction materials and products.”

The Inflation Reduction Act 2022 also includes USD100 million for labelling low embodied carbon construction materials and products.

More information here: https://lnkd.in/gDdFUeE2

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