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.
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