Climate & energy innovation
Inflation Reduction Act
U.S. President Joe Biden signed into law one of the most impactful pieces of legislation in a generation, reducing inflation, lowering health care costs, and making the largest investment in climate solutions and clean energy in our nation’s history.
The Inflation Reduction Act is a major accomplishment that will benefit the American people and the prosperity of their communities.
Recent updates on the Inflation Reduction Act
Key benefits of the act
The Inflation Reduction Act is a major accomplishment that will benefit the American people.
Help put the brakes on inflation
This bill helps lower inflationary pressures by reducing the federal deficit by at least $102 billion over the next 10 years. (view source)
Reduce our CO2 emissions by about 42% by 2030
These investments will reduce air pollution responsible for the respiratory health problems many Americans face and take a bold and meaningful step in addressing climate change. (view source)
Keep the U.S. energy sector competitive
Targeted tax credits support the build-out of innovative energy technologies like carbon capture, clean hydrogen, nuclear energy, and renewables to ensure the U.S. stays at the head of the pack on energy. (view source)
Polluters pay their fair share
Americans are tired of some polluters freeriding at the expense of their health and air quality. A fee on leaking methane will encourage producers to clean up their act and make their operations more efficient and competitive. (view source)
Increase American energy security
By supporting more home-grown clean energy resources, the Inflation Reduction Act supports our energy leadership.
These are just some highlights. The law does much more to put the American economy on the right track for the coming decades and advance pragmatic solutions to address longstanding issues.
The power of policy advocacy can drive change
CATF’s U.S. Advocacy and Policy Director, Lindsey BaxterGriffith, talks about the role of durable, clean energy policies that can accelerate technology deployment, reduce emissions and help achieve economy-wide decarbonization and net-zero by midcentury.
Learn more about CATF’s approach and work here.
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