IRA One Pager.pdf
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This document provides details on a virtual industry exchange and related federal contract opportunity with the U.S. General Services Administration (GSA). The GSA Public Buildings Service (PBS) Office of Acquisition Management (OAM) is holding a virtual Inflation Reduction Act (IRA) Industry Exchange on March 21, 2024 from 11:00 AM to 3:00 PM EST to provide an overview of the IRA, discuss low-embodied carbon asphalt and concrete, environmental product declarations, and forecast upcoming IRA-related contract opportunities. Interested parties must register by March 21st to receive login details. The event will include a moderated session on low-embodied carbon materials and environmental product declarations, as well as a regional forecast of upcoming IRA-related contract opportunities. Attendees are encouraged to submit questions in advance.
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Inflation Reduction Act (IRA)
The Inflation Reduction Act will lower costs for families, reduce the deficit, and combat the climate crisis – marking the most significant legislative step forward to cut carbon pollution in history.
The Inflation Reduction Act provides $3.4 billion for GSA’s Public Buildings Service for:
for low-embodied carbon materials in construction and renovation projects.
for GSA to support emerging and sustainable technologies.
for converting GSA facilities into High-Performance Green
Buildings
Inflation Reduction Act Benefits
● Reducing harmful emissions
● Creating good-paying jobs
● Catalyzing American innovation
● Improving efficiency and reducing long-term costs
What is Embodied Carbon?
Embodied carbon refers to the greenhouse gas (GHG) emissions associated with the production, use, and disposal of construction materials.
$2.15 billion $975 million $250 million
Buildings are a significant contributor to carbon emissions, with building operation comprising 28% of total annual greenhouse gas emissions, and building materials/construction comprising another 10%.
For more information, please visit https://www.gsa.gov/governmentwide-initiatives/inflation-reduction-act https://www.gsa.gov/governmentwide-initiatives/inflation-reduction-act
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