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The Inflation Reduction Act (IRA) is the most significant federal invest in U.S. History to fight climate change. Signed into law yesterday, the IRA will be responsible for slashing 40% of U.S GHGs by 2030. For the first time ever, the full financial weight of the U.S Federal government is behind the clean energy movement. The IRA includes a $370B in investment in climate and clean energy programs, mostly toward tax credits for renewable energy. At its core, this bill contains a set of investment at are all aimed at making clean energy technologies and climate solutions cheaper for all Americans. This is HUGE. There has never – never – been climate legislation anywhere near this substantial passed in the United States. The US is currently responsible for about 11% of global emissions, and is the largest historical emitting country on the planet. Though this is only a U.S. policy, it is a major step forward and proves that top down action is possible. The IRA sets the ground work for all future climate investments, and is being celebrated around the world. Read more in the link in our story!
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