[Outlook-in-Five] Climate action rises to top of US spending agenda

Last Friday, on 12 Aug, the US House of Representatives passed a package of laws that includes the country’s biggest ever spending plans focused on climate change. The Inflation Reduction Act, as it is known, includes some USD370 billion worth of climate related subsidies, tax credits and other incentives to expand renewable power and electrification, retrofit buildings to make them more energy efficient, and encourage wider adoption of electric vehicles. Tune in to our podcast with investment strategist, Conrad Tan, to find out more about the key implications of this landmark piece of legislation. For more of our latest market insights, visit:  https://www.bankofsingapore.com/insight-listing.html?