WASHINGTON —This month marks a year since the enactment of the Inflation Reduction Act, providing for $370 billion, over ten years, in climate and clean energy investments.
Manish Bapna, president and CEO of NRDC (Natural Resources Defense Council), made the following statement:
“No law in recent memory has brought this much ambition to a challenge this urgent and begun with this much promise.
“One year on, it has sparked a heartland manufacturing renaissance with clean energy at its core, creating tens of thousands of jobs in red states and blue. It’s strengthening the supply chain for the building blocks of a modern economy. It’s positioned the country for dramatic cuts in the carbon pollution that’s driving the climate crisis.
“As millions swelter in record heat, coral reefs bleach in 100-degree seas, and wildfire smoke blots out the sun, a summer of cascading climate disasters makes all too clear the need to build on these gains, not retreat from them.”
NRDC’s consumer guide to the tax credits and rebates from IRA, which is being updated as they become available at https://www.nrdc.org/stories/consumer-guide-inflation-reduction-act.
NRDC (Natural Resources Defense Council) is an international nonprofit environmental organization with more than 3 million members and online activists. Established in 1970, NRDC uses science, policy, law, and people power to confront the climate crisis, protect public health, and safeguard nature. NRDC has offices in New York City, Washington, D.C., Los Angeles, San Francisco, Chicago, Bozeman, MT, Beijing and Delhi (an office of NRDC India Pvt. Ltd). Visit us at www.nrdc.org and follow us on Twitter @NRDC.