To print this article, all you need is to be registered or login on Mondaq.com. ANALYSIS: Tradeoffs in the Inflation Reduction Act of 2023 between climate protections and fossil fuel interests could be dire for offshore wind projects and for solar and wind projects on federal lands. Congress seems to be driving with both feet pressed firmly on the gas pedal and the brakes at the same time. The devil is in the details. Key Highlights of the Bill – Climate & Energy Incentives The bill on the whole is good for the environment and good for the economy.