HISTORIC INVESTMENTS IN CLIMATE, COMMUNITIES, HEALTH & JOBS
$369 billion dollars in climate, clean energy, communities and jobs.
With the stroke of a pen, President Biden signed into law the most sweeping clean energy and climate legislation in history. The unprecedented investments included in the Inflation Reduction Act will cut climate pollution and accelerate the transition to clean energy - protecting our air, our climate, our health and our communities. With the Inflation Reduction Act, President Biden and climate leaders in Congress have delivered in a big way.
"This bill is the biggest step forward on climate ever..." —President Joe Biden
OUR CLIMATE CAN'T WAIT. WE NEED ACTION NOW.
The Inflation Reduction Act of 2022 is the single biggest investment in climate, communities, clean energy, and jobs ever; will lower costs for families; and will help slash climate pollution in the U.S. by an estimated 40 percent by the end of the decade.
Last year, we experienced devastating droughts, hurricanes, severe flooding, and destructive wildfires, with a total price tag of $145 billion.
Congress and the president realized the cost of inaction on climate is too high and increasing every second we delay, and acted on the urgency of the moment. This legislation will take critical steps to eliminate climate pollution, prevent the most catastrophic impacts of climate change and make historic investments that lower costs for families.
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Figures current as of July 2022