The American Sustainable Business Network and the 250,000 businesses across its networks applaud passage of Inflation Reduction Act.

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Business Leaders Celebrate Landmark Victory with Inflation Reduction Act

The American Sustainable Business Network and the 250,000 businesses across its networks applaud passage of the Inflation Reduction Act

WASHINGTON, D.C. --Today, American Sustainable Business Network (ASBN), a movement builder organization committed to inform, connect, and mobilize the business and investor community toward a sustainable economy, applauds the Biden Administration for investing in real solutions to address our nation’s climate crisis by signing the Inflation Reduction Act (IRA) into law, and thanks its members for engaging in advocacy with ASBN to make this moment possible.

EVENT: Join ASBN tomorrow, August 17 for a special webinar on the Business Overview of the Inflation Reduction Act ([link removed])

Over a decade of climate change advocacy led to this moment – and the business community has consistently engaged and supported legislation that addresses America’s climate crisis since the beginning. This legislation will take necessary steps to eliminate climate pollution and the impacts of climate change, which are crucial to secure an equitable climate future and stronger economy. While this package is not the full dream, it is still a historic investment in our economy and a major step forward in addressing the climate crisis.

“This is a historic moment for our nation and a bold leap forward for business and the economy,” said David Levine, president and co-founder of ASBN. “The American Sustainable Business Network thanks President Biden and the U.S. Congress for addressing climate with the urgency it deserves. As we prioritize public-private partnerships, ASBN looks forward to working with leaders at all levels of government to bring the promise of the Inflation Reduction Act to fruition.”

In 2021, ASBN answered President Biden’s call for Build Back Better ([link removed]) . Over the past year, thousands of business leaders turned to ASBN as a resource to identify political pathways forward and to receive the latest policy developments as a continually evolving strategy was deployed in the midst of setbacks and road blocks. ASBN and members sat down with key congressional members that were a part of this historic vote to communicate our priorities and make the business case for climate solutions. From a wide range of states, ASBN was able to showcase the increased ambition and support from the private sector and the business community as a whole.

“Today, we celebrate a monumental step forward as the most significant climate bill in our nation’s history becomes law,” says Stephanie Donner, chief legal officer at Inspire Clean Energy ([link removed]) . “The initiatives laid out in the Inflation Reduction Act of 2022 will undoubtedly accelerate the decarbonization of our economy through critical renewable energy infrastructure development and access to affordable clean energy. While there is a lot more work to do to preserve our planet, we want to thank President Biden and the U.S. Congress for recognizing the lasting impact this legislation will have on society — and our environment — for generations to come.”

Through virtual and in-person meetings on topics relating to clean energy, sustainable agriculture, increased investment in climate resilience, and support for climate technology innovation, ASBN’s community shared with congressional members first hand experiences on how these priorities can grow our economy.

"It’s hard to overstate the positive impact this legislation will have on our economy and our planet, said Ron Gonen, CEO and founder of Closed Loop Partners ([link removed]) . “As a major employer in the circular economy, Closed Loop Partners supports the Inflation Reduction Act, as it will create over half-a-million new jobs and make historic progress in fighting climate change.”

The investments made by the IRA are what the business community have been advocating for. From Pennsylvania to Nevada and from coast to coast, members worked tirelessly to promote a shared vision of America as a climate leader. Now, the nation is on the cusp of that vision becoming a reality.

"Climate change is the urgent crisis of our generation, and Geno is committed to leading the transition to more sustainable materials in the years and decades to come,” said Christophe Schilling, CEO of Geno ([link removed]) . “Geno applauds our leaders whose tireless work made this landmark bill possible and we look forward to working with lawmakers to put our unique solutions to work.”

Public-private partnership is a critical tool to address the concerns of the American public. Both the IRA and the Infrastructure and Jobs Investment Act demonstrate that through consistent and regular participation, progressive business leaders can help shape the conversation and affect change. As mentioned in statements addressed to the U.S. Senate ([link removed]) and U.S. House of Representatives ([link removed]) , ASBN applauds leadership for passing this ambitious package – but the work is not done. ASBN will continue to forge meaningful partnerships with businesses and policymakers at the local, state and federal level in order to tackle the climate crisis and create a more just and sustainable economy that benefits all.

For more information on ASBN or to become a member, visit www.asbnetwork.org. To receive the latest information on key social and environmental legislation impacting the economy, follow us on Twitter at @theASBN ([link removed]) .
TOMORROW: Register Here for the Business Overview of the Inflation Reduction Act ([link removed])


** The Inflation Reduction Act passed, ASBN is here to tell you what’s next
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Now that the IRA has passed in Congress, the big question is, “what happens next?” The American Sustainable Business Network is here to walk you through what this historic climate package includes, and explain the impact it will have on businesses and the economy. ([link removed])

Hear directly from ASBN policy experts and member businesses THIS WEDNESDAY, August 17, 2pm ET as we break down this historic package and answer your questions in a special webinar, Business Overview of the Inflation Reduction Act. Join us as we discuss the impact the IRA will have on energy, transportation, manufacturing, environmental justice, and more. ([link removed])

To learn more about the bill prior to the event, read through a recent presentation ([link removed]) from Michael Green, ASBN’s Director of Climate Policy and Advocacy, detailing the events leading up to the IRA’s passage, key items listed in the bill, and next steps.

This is an event that you won’t want to miss! Register ([link removed]) today to reserve your seat.

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