Dear Friend,
The single largest investment in climate action in our nation’s history — the Inflation Reduction Act — is now law, thanks to the hard work and power of our grassroots movement, pro-environment leadership in Congress, and President Biden.
Though the Inflation Reduction Act contains some potentially harmful provisions, it is urgently needed climate legislation with scores of beneficial provisions. It includes $369 billion in climate, clean energy, and environmental justice investments that could
cut nearly a gigaton of emissions by 2030 — making it the most impactful climate action legislation Congress has ever passed.
But what does “the most impactful climate legislation” mean, really?
I asked our colleagues at LCV to help break it down here and below.
CLEAN ENERGY: Accelerating the green energy revolution and creating new jobs
- Extends existing tax incentives for clean, renewable energy sources and infrastructure
- Invests in manufacturing for wind energy, solar energy, and batteries, particularly in low-wealth communities
- Supports workers transitioning from the fossil fuel industry to renewable energy jobs
- Tackles greenhouse and methane gas emissions, particularly in communities of color and low-wealth communities
TRANSPORTATION: On the move, and moving beyond dirty fossil fuels
- Extends electric vehicle tax credits to used and heavy-duty vehicles, while encouraging domestic production of electric vehicles and batteries
- Invests in expanding access to alternative fuel infrastructure, such as electric vehicle charging stations
- Includes investments in cleaner ports, aviation fuels, and electric transit vehicles like school buses
ENVIRONMENTAL JUSTICE: Correcting historic and systemic wrongs
- Creates a new Environmental and Climate Justice Block Grants program to reduce pollution and climate threats in communities facing environmental and health hazards
- Reinstates a tax on oil companies to fund the cleanup of contaminated Superfund sites
- Provides funding for tribal communities to electrify homes and increase climate resiliency
- Funds air quality monitoring in vulnerable communities
PUBLIC LANDS AND WATERS: Protecting America’s most precious places
- Boosts fees and royalties to require oil and gas companies to pay their fair share to extract resources on our public lands and waters
- Rolls back Trump’s ban on offshore wind power off the southeast coast, creating green energy jobs
- Provides funding for the National Park Service and other agencies to hire staff, conserve wildlife, and carry out conservation projects
- Invests in wildfire prevention
This isn’t everything that’s in the bill, Friend. There are even more good things — but also some things we don’t support. Unfortunately, the bill also includes potentially harmful provisions that could continue to perpetuate our nation’s dependence on fossil fuels and subject frontline communities, especially communities on the Gulf of Mexico near oil and gas infrastructure, to further pollution and harm. We fought hard against the inclusion of these provisions, and did not prevail in every instance against the special interests and fossil fuel executives.
While we celebrate these historic investments in climate action,
we won’t ever stop fighting for further administrative action and legislation that better protects our environment, our climate, and our communities.
To learn even more about the Inflation Reduction Act, click here.
The fight for climate action and environmental justice will continue, but this is a moment to celebrate all that committed activists like you, as part of a massive, diverse pro-climate coalition, have made possible.
Thank you, truly, for everything you’ve done — every message to Congress, every phone call, every door knocked, and every generous contribution made — that has brought us this victory.
Sincerely,
Alex Hess
Director of Online Engagement
League of Conservation Voters