Statement of Nathaniel Keohane
President, Center for Climate and Energy Solutions
August 7, 2022
On Senate passage of the Inflation Reduction Act of 2022:
“This is a legacy-defining win for this administration and a signature achievement for the entire climate community who contributed to it. After years of inaction in Congress we are now making remarkable and historic progress. The Inflation Reduction Act represents the single-largest investment in our nation’s low-carbon future. It sends a signal that America can meet high expectations and capitalize on the opportunity to lead the world in the transition to a clean energy economy.
“Passage of this legislation will be more than an economic boon at home. These investments will help America make good on our climate commitments and restore our credibility as a global leader on climate action.
“Leading U.S. businesses are already committed to the zero-carbon future, investing in technology and R&D in clean energy innovation. The clean energy tax credits and investments in the Inflation Reduction Act will accelerate those efforts while boosting America’s energy security and lowering costs for consumers. The U.S. has finally gotten serious about winning the global clean energy race.
“All eyes now turn to the U.S. House of Representatives, which has a historic opportunity to create clean energy jobs, meaningfully reduce our risks from climate change, and begin to make good on our goal of 50–52 percent reduction of climate pollution by 2030.
“With this renewed momentum, we look forward to working with Congress, the administration, companies, and other stakeholders to deliver a thriving, just, and resilient net-zero carbon economy.”
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About C2ES: The Center for Climate and Energy Solutions (C2ES) works to secure a safe and stable climate, by accelerating the global transition to net-zero greenhouse gas emissions and a thriving, just, and resilient economy. Learn more at www.c2es.org.