President Biden described the climate provisions of the Inflation Reduction Act (IRA), signed into law in 2022, as “the most aggressive action ever, ever, ever to confront the climate crisis”. The Nature Conservancy described the act as “the most ambitious funding ever for tackling climate change”. The US Green Building Council called it “the largest climate legislation in US history”.
The reliably hyperbolic Paul Krugman wrote an op-ed about the IRA for the New York Times entitled ‘Did the Democrats Just Save Civilisation?‘ He called the IRA bill “a very big deal. The act isn’t, by itself, enough to avert climate disaster. But it’s a huge step in the right direction and sets the stage for more action in the years ahead”.
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