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Category: Inflation_Act_2022_Key Legislation_Key PATA_Inflation_Reduction_Act_2022_Related

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Environmental Justice (EJ) Provisions of the 2022 Inflation Reduction Act

This table includes provisions with the potential to provide federal benefits to communities with EJ concerns. Direct benefits, where the statute requires benefits to be implemented in or directed towards low-income, tribal, or overburdened communities, are in green or indicated by a (D). Indirect benefits are in orange or indicated by an (I).

08/22/22
                                                               

What the U.S. climate law means for the world

By Somini Sengupta Photo: Loren Elliott, Reuters

The Inflation Reduction Act is a very big deal for the United States. It’s the biggest climate law in the country’s history. It’s a lot of money, nearly $370 billion, for all kinds of tax incentives for American consumers and businesses. We’ve explained that from several different angles and we’ll continue to explore the package in the coming weeks.

08/19/22
                                                               

Why the climate bill’s impact might not match what many expect

By Shannon Osaka Photo: Demetrius Freeman/The Washington Post

The Inflation Reduction Act — the health care and climate bill that was signed into law by President Biden on Tuesday — marks the largest climate action ever taken by the federal government. With roughly $370 billion earmarked for clean energy, electric vehicles and carbon capture storage, the bill will certainly decrease the country’s greenhouse gas emissions.

08/18/22
                                                               

Biden’s Signing of Climate Law Kicks Off Marathon of Rulemaking (2)

By Jennifer A Dlouhy Photo: Sarah Silbiger, Bloomberg

President Joe Biden’s signing of the Inflation Reduction Act on Tuesday caps nearly two years of efforts to pass sweeping climate legislation. But the real work is just getting started.
For federal regulators, the moment Biden signed the bill was effectively the starting gun for a race to write new policies to implement its clean energy tax credits, climate programs and environmental mandates. It’s a monumental task that will involve regulators at nearly every federal agency.

08/18/22
                                                               

Why Buying an Electric Car Just Became More Complicated

By Jim Tankersley Photo: Philip Cheung, The New York Times

Those calculations — and a host of others pertaining to the red-hot electric vehicle market — come courtesy of an energy, tax and health care law that President Biden signed on Tuesday. It includes more than $370 billion in spending and tax incentives meant to address climate change, largely by encouraging people, businesses and electric utilities to reduce their use of fossil fuels. One incentive is the extension of a tax credit for the purchase of electric cars and trucks that can be worth up to $7,500.

08/18/22
                                                               

Federal study: New climate law to slice carbon pollution 40%

By Seth Borenstein Photo: Eugene Garcia, AP Photo

Clean energy incentives in the new spending package signed this week by President Joe Biden will trim America’s emissions of heat-trapping gases by about 1.1 billion tons (1 billion metric tons) by 2030, a new Department of Energy analysis shows.
The first official federal calculations, shared with The Associated Press before its release Thursday, say that between the bill just signed and last year’s infrastructure spending law, the U.S. by the end of the decade will be producing about 1.26 billion tons (1.15 billion metric tons) less carbon pollution than it would have without the laws. That saving is equivalent to about the annual greenhouse gas emissions of every home in the United States.

08/18/22
                                                               

Bill Gates and the secret push to save Biden’s climate bill

By Akshat Rathi Photo: Getty Images

The billionaire philanthropist was among those lobbying Joe Manchin, starting before Biden took the White House. A look at the influencers who secured a rare climate win.

08/17/22
                                                               

Biden’s Historic Climate Bill Needs Smart Foreign Policy

By Jason Bordoff Photo: Olivier Douliery, Getty Images

U.S. President Joe Biden just signed into law a signature domestic policy achievement: the Inflation Reduction Act (IRA). At its heart is nearly $400 billion to bring down U.S. greenhouse gas emissions, the largest investment the United States has ever made to address climate change.

08/17/22
                                                               

Diving further into the Inflation Reduction Act: Part One

By David Roberts

Last week, I hosted a podcast discussion with Princeton professor Jesse Jenkins and UC-Santa Barbara professor Leah Stokes about the climate and energy provisions in the Inflation Reduction Act. It proved quite popular! (If you haven't listened yet I highly recommend listening to it before this one.)

08/17/22
                                                               

Al Gore on the Inflation Reduction Act: ‘It took so long’

By Maxine Joselow Photo: Alastair Grant/AP

In 1981, as a young lawmaker, former vice president Al Gore held what some experts think was the first congressional hearing on climate change.

08/16/22