After decades of political squabbling and the concealment of the fossil fuel industry, the U.S. is almost certain to make its first substantial effort to address the climate catastrophe. By the decade’s end, the Inflation Reduction Act aims at reducing America’s emissions by about 40% from 2005. This reduction would put the U.S. within striking distance of Joe Biden’s ambition of halving emissions by 2030, a target that everyone must meet if catastrophic global warming, intensifying heat waves, droughts, and floods, is to be avoided.
The bill includes:
- $370 billion investment in clean energy and the environment
- Rebates for people investing in electric vehicles
- Assistance in making homes more energy efficient
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