José Goldemberg, former Brazilian environment minister and minister of science and technology: “The key climate related provisions of the Inflation Reduction Act are tax credits for ‘clean electricity’ ($176.8 billion), ‘clean manufacturing’ ($42.7 billion) and ‘clean vehicles’ ($38.9 billion), which total $258.5 billion, roughly 70 percent of the total. The other provisions are scattered over a number of other activities, such pollution reductions in poor communities. The act is entirely directed to activities in the United States, but it will influence the policies of countries in Latin America and the Caribbean (LAC), which will benefit from the technological advances resulting from heavy investments in clean fuels, vehicles and clean electricity. This will result in an increase in sales for U.S. companies. Of particular interest to LAC countries are ‘clean fuels’ for which $8.6 billion in tax credits are in the act. Brazil is well advanced in this area, and partnerships would be welcome. Another area of great interest is ‘conservation, rural development and forestry’ (including restoration) for which $34.7 billion is allocated as funding. Deforestation in the Amazon basin (particularly in Brazil) is the most pressing…”