Landmark Deal Resets US Climate and Clean Energy Goals, Lifts Prospects for Global Progress
Washington has reached a far-reaching deal on clean energy and climate policy that dramatically improves the outlook for global efforts to prevent dangerous planetary warming. With $369 billion in tax tweaks and new spending, the deal would be historic, the largest and most ambitious clean energy investment in US history.
Known officially as the Inflation Reduction Act, the wave of investment promises to help secure a climate-resilient future by spurring a broad mix of clean technologies — including electric vehicles and related infrastructure, super-efficient heat pumps, green hydrogen, and fast-growing renewables — all while lowering day-to-day costs of energy and transportation.
For everyday consumers and companies alike, these moves will help position…