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This is a Big (Climate) Deal: What's in the Inflation Reduction Act?
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Welcome back to A Matter of Degrees! While we've been hard at work producing season three of the show, the climate movement has been going through a lot of twists and turns. Most recently, after announcing he would not support climate investments in a budget reconciliation deal, Senator Joe Manchin abruptly made a historic climate deal with Senate Majority Leader Chuck Schumer: the Inflation Reduction Act of 2022 (IRA). The bill includes $369 billion of climate investments. We can't overstate the significance of this opportunity — modeling shows the IRA, if passed, would cut emissions 37-41% below 2005 levels by 2030. That gets us 80% of the way to cutting emissions in half this decade and…