U.S. secures historic climate investment following House passage of the Inflation Reduction Act
WASHINGTON — The U.S. House of Representatives voted today to pass the Inflation Reduction Act of 2022, securing more than $369 billion in support for the clean energy solutions necessary to reduce emissions and boost the U.S. economy. The bill heads to President Biden’s desk where he is poised to sign it into law.
“After months of negotiation, the Inflation Reduction Act is nearly law,” said Conrad Schneider, Advocacy Director at Clean Air Task Force. “This historic climate legislation will position the U.S. as a global leader in the clean energy transition and reaffirms its global commitment to reducing greenhouse gas emissions by 2030. It’s proof positive that economic growth and emissions reduction are not mutually exclusive – and that we can reach our climate goals while creating jobs and reducing inflation.”
“The environmental and economic benefits of this legislation are profound,” said Lindsey Baxter Griffith, Federal Policy Director at Clean Air Task Force. “Through robust investment provided in the Inflation Reduction Act for a diverse array of clean energy technologies, the United States is well positioned to lead the way in a decarbonizing world. We applaud Congress for its commitment to securing these investments.”
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About Clean Air Task Force
Clean Air Task Force (CATF) is a global nonprofit organization working to safeguard against the worst impacts of climate change by catalyzing the rapid development and deployment of low-carbon energy and other climate-protecting technologies. With 25 years of internationally recognized expertise on climate policy and a fierce commitment to exploring all potential solutions, CATF is a pragmatic, non-ideological advocacy group with the bold ideas needed to address climate change. CATF has offices in Boston, Washington D.C., and Brussels, with staff working virtually around the world. Visit catf.us and follow @cleanaircatf.
