After decades of inaction in the face of escalating natural disasters and sustained global warming, Congress hopes to make clean energy so cheap in all aspects of life that it’s nearly irresistible. The House is poised to pass a transformative bill on Friday, August 12, 2022, that would provide the most spending to fight climate change by any one nation ever in a single push.
The Inflation Reduction Act — Joe Biden’s $740-billion package tackling climate, the deficit and health care — is a far cry from his original, even bigger ambitions, but it still represents a major triumph for the U.S. president.
The new plan to encourage Americans to buy more electric vehicles built in North America, instead of just the United States, has cleared its tallest hurdle.