Deep in the Democrats’ Climate Bill, Analysts See More Wins for Clean Energy Than Gifts for Fossil Fuel Business
Payne Institute Faculty Fellow Ian Lange contributed to this article about how the Inflation Reduction Act’s provisions on electric vehicles, methane, industrial and agriculture policy add up to big greenhouse gas emissions cuts—if the bill can make it through Congress. At least three separate analyses by think tanks and academic institutions agree that the Inflation Reduction Act of 2022 would cut U.S. greenhouse gas emissions some 40 percent by 2030—within striking distance of President Joe Biden’s pledge to cut emissions in half. More evidence of the legislation’s potential to ignite a clean energy transition can be seen in the reaction it has spurred among the most ardent keepers of the fossil fuel status quo. August 3, 2022.