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Financing Sustainability through the Inflation Reduction Act: Making the Case

Financing Sustainability through the Inflation Reduction Act: Making the Case

Climate change significantly impacts health and health care delivery, with hospitals facing these challenges daily. The U.S. health care sector contributes 8.5% of national and 25% of global health care emissions. As global efforts to reduce emissions intensify, the spotlight on the U.S. health care sector grows. Environmental sustainability and decarbonization are now integral to the health care mission of healing and promoting well-being. There is a community-wide expectation to reduce emissions and protect the health of patients, employees, and communities. Consequently, health care organizations are leading the way in developing innovative solutions to reduce their carbon footprint. However, financing sustainability projects remains a significant challenge.

In August 2022, the Inflation Reduction Act (IRA) was enacted, offering tax incentives and funding mechanisms typically unavailable to tax-exempt organizations, including non-profit health care. This webinar will feature panelists who will advocate for utilizing IRA incentives. They will provide an overview of the available credits and grants, present the legal perspective on using these incentives, showcase a provider experienced in working with non-profit organizations on successful project implementation, and highlight a case study of an organization that has effectively leveraged IRA funding with the help of legal and financial partners.

Learning Outcomes

  • Participants will gain an overview of the tax incentives and funding mechanisms provided by the IRA, specifically for non-profit health care organizations.
  • Participants will understand the legal considerations and perspectives on utilizing IRA incentives for sustainability projects.
  • Participants will be exposed to a case study of an organization that successfully leveraged IRA funding, providing practical insights and lessons learned.
  • Participants will learn from a provider experienced in working with non-profit organizations on implementing successful sustainability projects.

CECs

  • 0 (No CECs available for this webinar)

Speakers

  • Yinying Qian, Managing Director – Accounting Methods and Credits, KPMG
  • Charlie Lord, Managing Principal and Co-Founder, Renew Energy Partners, LLC
  • Gregg Benson, Mintz
  • Kyle Tafuri, Vice President of Sustainability, Hackensack Meridian Health

Moderated by

  • Kara Brooks, AHA Senior Director of Sustainability

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