The Inflation Reduction Act (IRA) is widely regarded as the most significant climate legislation passed by Congress. One year after it was signed into law, the Brookings Initiative on Climate Research and Action (BICRA) hosted a public event to assess its impact and progress towards its objectives of spurring investment in clean energy to reduce carbon emissions. John Podesta, senior White House advisor for clean energy innovation and implementation, engaged in a conversation with Brookings Nonresident Senior Fellow David Victor about the impact of the IRA on U.S. efforts to reduce greenhouse gas emissions. Following their conversation, New York Times Climate Change Reporter Lisa Friedman moderated discussions with BICRA experts to unpack the multi-faceted impact of the IRA on U.S climate policy, as well as America’s role in addressing climate change on the global stage.