The Inflation Reduction Act of 2022 (IRA) is an important federal act which endeavors to curb inflation by reducing the deficit, lowering prescription drug prices, and investing in domestic energy production, and promoting clean energy. The law will raise $738 billion and authorize $391 billion in spending on energy and climate change, $238 billion in deficit reduction, three years of Affordable Care Act subsidies, drug reform to lower prices, and tax reform.
John F. Pierce, Partner, Stroock & Stroock & Lavan LLP, focuses his practice on the structuring, development and financing of energy and infrastructure projects. He represents clients in connection with power generation projects fueled by an array of traditional, renewable, and unconventional energy sources. John also works with carbon mitigating credits, offsets and trading structures, the creation of carbon trading protocols and markets, carbon sequestration, other environmental attributes and related market-based means to add value to certain energy projects. John has advised and structured various financings of energy and energy-related projects. Additionally, he has infrastructure project experience where he has counseled on the development of port facilities (bulk and container), airports, toll roads, terminals, refineries and associated pipelines, and industrial zones.