Speaking on the same panel, Occidental Petroleum CEO Vicki Hollub described the IRA as one of the most transformative bills in the world.
"The Inflation Reduction Act, in my view, is the most important climate action after the Paris 2015 agreement," Birol said during a panel on energy security at the World Economic Forum in Davos, Switzerland.
The IEA's Birol said the world had "never, ever seen an energy crisis of this depth and complexity" following Russia's full-scale invasion of Ukraine in February.International Energy Agency Executive Director Fatih Birol on Tuesday hailed the U.S.
She added that the legislation was also "an important bill for us in that it does provide subsidies, not just for carbon capture but for electric vehicles, for lithium and for many other things that will help the energy transition."
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