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US Inflation Reduction Act Is a Climate Bill by Another Name
Anyone would be forgiven for asking why a soon-to-be law called the “Inflation Reduction Act” is being heralded (and cursed) as the most significant US climate legislation ever. Yes, the bill is expected to reduce the deficit and enables Medicare to negotiate drug prices, which could lower their costs. But shouldn’t something with that name have more to do with price controls and less with solar panels?
Related Knowledge Center: Climate legislation
State of Play
The federal government and states are in the process of implementing two laws — the Infrastructure Investment and Jobs Act and the Inflation Reduction Act — an investment of more than a trillion dollars to address climate change.