The Senate passed an ambitious climate expenditure bill in US history on Sunday, giving environmentalists hope after months of impasse over President Joe Biden‘s emissions-cutting strategy.
The Inflation Reduction Act allocates $369 billion to energy security and climate change mitigation in the United States.
After senators voted along party lines, Vice President Kamala Harris cast the deciding vote on the bill. The bill will now be introduced in the House.
Also read: What is the Inflation Reduction Act?
Climate groups had the following to say about the legislation:
American Clean Power said, “This is the vote heard around the world. It puts America on a path to creating 550,000 new clean energy jobs while reducing economy-wide emissions 40% by 2030. This is a generational opportunity for clean energy after years of uncertainty and delay. This unprecedented investment in clean energy will supercharge America’s clean energy economy and keep the United States within striking distance of our climate goals.”
“Today is a monumental day for America’s clean energy progress and global climate leadership. With the passage of the Inflation Reduction Act in the Senate, solar and storage companies are one step closer to having the business certainty they need to make the long-term investments that decarbonize the electric grid and create millions of new career opportunities in cities and towns across the country,” a statement from Solar Energy Industries Association read.
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“This legislation is the most transformational investment America has ever made in our climate future, and we are thankful to our members, the clean energy community and every one of our solar champions in Congress for their work to get us to this historic moment,” the statement added.
“The Senate just made climate history. This is the most significant action the U.S. has ever taken to combat climate change. It will benefit the people of all 50 states—their health, their wallets, their homes and their future. And it will help the U.S. deliver on its undeniable responsibility to the rest of the world to do its part to address this global crisis,” Natural Resources Defense Council said, adding, “The House needs to come back quickly to cement this essential climate action. There is no time to waste. This bill is not perfect, but from a climate pollution perspective, the positives heavily outweigh the negatives—by a factor of 10.”
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“This is a historic moment for climate and clean energy progress not only in the United States, but globally. This legislation gives the U.S. a real chance to reach its Paris Agreement target— while lowering costs for American households,” Rocky Mountain Institute noted.
“The finish line is now clearly within reach. The Senate’s passage of the Inflation Reduction Act of 2022 is a historic step toward the clean energy future the American people want, and scientists say we desperately need. The legislation’s landmark investment of $369 billion in climate and clean energy programs will help deploy thousands of megawatts of renewable power, create hundreds of thousands of good-paying American jobs, reduce the cost of electric power, and finally put the country on track toward achievement of our climate goals,” American Council on Renewable Energy said in a statement.
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However, several groups contended that the measure provides too much funding for fossil fuel initiatives.
“This bill reflects an unjust process, where the voices of communities at the frontlines of fossil fuel production and harm were largely ignored,” Jean Su, the Center for Biological Diversity’s Energy Justice programme director, stated prior to the bill’s passing.
“While it contains important renewable-energy funding, the bill’s commitment to massive federal oil and gas expansion is dangerously at odds with scientific reality,” Su added.