The United States recently passed the Inflation Reduction Act (IRA) of 2022 with an expenditure of $370 billion to decarbonize its economy. The IRA, which has little to do with current price inflation, is hailed as the “biggest climate expenditure in US history” and the start of a “new era for climate technology”. President Joe Biden also recently signed the US CHIPS and Science Act, which will invest a historic amount in science, technology and manufacturing. These two laws are intended to help the United States maintain its technological competitive advantage vis-à-vis its main challenger, China. But what does this mean for India? Does it offer lessons for India’s climate travel and strategy?