The first major legislative effort in the US to address the climate crisis, known as the Inflation Reduction Act (IRA), is approaching its one-year anniversary. The bill, which focuses on renewable energy and electric vehicles, has been praised for its impact on clean energy but has also faced opposition from Republicans. President Joe Biden called it one of the most significant laws in history and the White House sees it as a pivotal moment in addressing the climate emergency. Key points about the IRA include a boom in clean energy investment, increased adoption of electric vehicles, and a reduction in US emissions. However, further measures will be needed to achieve net-zero emissions by 2050. Despite its success, the IRA has faced threats of repeal from Republicans and criticism from climate progressives. The majority of clean energy investments initiated by the IRA have gone to Republican-led districts. Renewables are booming, but a lack of transmission lines threatens to hinder their benefits.
Joe Biden’s Climate Bill: A Review of Six Achievements and Limitations
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