What does the Inflation Reduction Act mean for US carbon emissions?

The US senate just passed the Inflation Reduction Act of 2022, which includes the largest climate spending package in US history. How big of an effect will it have?

What does the Inflation Reduction Act mean for US carbon emissions?
The US senate just passed the Inflation Reduction Act of 2022, which includes the largest climate spending package in US history. How big of an effect will it have?