“The new agreement in the Senate, known as the Inflation Reduction Act of 2022, would deliver what the American people want: lower energy costs, healthier communities and significant progress on climate change. The proposed clean energy investments would help U.S. businesses be more competitive in the world while creating good jobs. And it would strengthen the reliability of power grids in communities across the country.
“Taken together, the proposed $369 billion in climate and clean energy investments would be an historic step by Congress to improve people’s lives. The robust package of tax credits would rapidly accelerate our shift toward a modernized economy and make electric vehicles, clean power and clean manufacturing more affordable.
“It is encouraging to see $60 billion to advance environmental justice, and we look forward to the continued leadership of environmental justice communities on these provisions. The package also includes a program to reduce methane emissions that harm human health, waste energy resources and drive climate change.
“We urge Congress to move quickly to get this passed. Our families and communities, especially those of us living on the frontlines of the climate crisis, need these fiscally responsible investments now and for the future.”
- Fred Krupp, president of Environmental Defense Fund
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One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund