Center for American Progress Action

5 Major Benefits of the Inflation Reduction Act’s Climate Investments
Fact Sheet

5 Major Benefits of the Inflation Reduction Act’s Climate Investments

The Inflation Reduction Act’s $369 billion in climate investments won’t just tackle climate change; they will save families money, create millions of good jobs, and reduce pollution over the next decade.

The Inflation Reduction Act—announced by Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV) on July 27, 2022—offers the best opportunity yet to address the climate crisis. The legislation makes a historic investment of $369 billion in climate action over the next decade through clean energy deployment, domestic manufacturing, and pollution reduction. Yet these investments add up to more than just the biggest expenditure to tackle climate change in U.S. history; the bill invests in the people and communities that will build and benefit from the clean energy economy, lowering costs, creating millions of new good jobs, and cutting pollution along the way.

The above excerpt was originally published in the Center for American Progress. Click here to view the full fact sheet.

The positions of American Progress, and our policy experts, are independent, and the findings and conclusions presented are those of American Progress alone. A full list of supporters is available here. American Progress would like to acknowledge the many generous supporters who make our work possible.


Trevor Higgins

Senior Vice President, Energy and Environment

Sally Hardin

Former Senior Director, Energy and Environment Advocacy


Domestic Climate

It’s time to build a 100 percent clean future, deliver on environmental justice, and empower workers to compete in the global clean energy economy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.