Two years ago today, the largest investment in world history to combat climate change was signed into law, the Inflation Reduction Act.
The IRA’s impacts are being felt from coast to coast, in rural and urban areas, and in red, blue, and purple states alike, with programs ranging from clean energy tax credits to the Greenhouse Gas Reduction Fund to new U.S. Department of Agriculture funding, and so much more ensuring that communities of all sorts experience its benefits. That’s why the IRA’s key policies are gaining new support from both sides of the political aisle, helping to ensure the law will maintain and build upon its momentum going forward.
Ceres has worked for years to organize business support for the climate provisions in the Inflation Reduction Act. By the time the legislation was signed into law in 2022, more than 2,900 businesses generating $5.1 trillion in annual revenue and employing 400 million people worldwide had spoken out in support of ambitious federal climate action. Leading businesses have since provided essential input to shape the law’s new programs, advocate for state policy to further harness its many economic benefits and highlight the law’s impacts across the country in meetings with top policymakers.
Throughout 2024, including at its flagship advocacy event LEAD on a Clean Economy 2024, Ceres has mobilized leading companies and investors to meet with members of Congress from both parties to discuss the ways the law is benefitting local economies across the U.S.
Last week, 18 Republican House members sent a letter to House Speaker Mike Johnson in support of the IRA’s clean energy tax credits—providing further affirmation of the IRA's effectiveness in building bipartisan support.
Ceres is proud to have connected countless companies and investors with policymakers on both sides of the aisle, turning a law that passed along partisan lines into one with potential for enduring bipartisan appeal. We look forward to continuing to showcase the IRA’s importance in states across the country in the months and years ahead as we build momentum toward a clean economy.
Thank you,
Anne Kelly
Vice President, Government Relations
Ceres @kellybicep