U.S. Climate Policy Resource Center
Breaking down climate policy and investments in the Inflation Reduction Act and Bipartisan Infrastructure Law to facilitate implementation at the federal, state and local levels and support uptake by both the public and private sectors.
Cover image by 4kodiak/iStock
The Inflation Reduction Act and Bipartisan Infrastructure Law include the largest federal climate investments in U.S. history and offer the nation a chance to accelerate its transition to a low-carbon economy.
The Bipartisan Infrastructure Law includes billions of dollars to transform the nation’s transportation infrastructure; to invest in resilience and adaptation projects (both technical and natural) to protect communities from the impacts of climate change; and to catalyze the development and deployment of carbon capture and storage infrastructure.
The Inflation Reduction Act builds on the initial climate funding of the Bipartisan Infrastructure Law to support investment in electric transportation, power infrastructure and climate resilience. The act provides new funding to accelerate the clean energy transition; tax credits and consumer rebates to increase uptake of home electrification and EVs; and significant resources to support American-made products and boost domestic manufacturing. It also makes historic investments in environmental justice by directing benefits of these initiatives to disadvantaged communities and prioritizing projects that repurpose retired fossil fuel infrastructure and employ displaced workers. This will help set the U.S. on a course toward a fair, equitable and economic clean energy transition that benefits all Americans.
Effective Implementation Is Key to Achieving Climate and Economic Goals
If leveraged to the full extent, the massive federal investments in the Inflation Reduction Act and Bipartisan Infrastructure Law could deliver a plethora of benefits across the country — including creating millions of jobs, boosting local economic growth, improving public health and addressing inequities. These laws also put the U.S. within striking distance of its goal to cut greenhouse gas emissions by 50%-52% by 2030.
However, to fully realize these benefits and deliver for the American people and the climate, federal funds must be implemented in a timely, efficient and equitable manner. This will require roadmaps for implementation at every level: public and private, individual, local, state and national.
About WRI’s U.S. Climate Policy Resource Center
WRI developed the U.S. Climate Policy Resource Center to share resources, considerations and challenges as a guide for policymakers as they implement federal funds from the Inflation Reduction Act and Bipartisan Infrastructure Law. The Resource Center also breaks down new incentives for businesses and individuals which encourage development and uptake of clean energy technologies.
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Acknowledgements
A special thanks to the many WRI staff, experts and reviewers who contributed to the U.S. Climate Policy Resource Center, including: Alyssa Curran, Angela Anderson, Caitlin Macomber, Carla Walker, Carrie Dellesky, Christina DeConcini, Dan Lashof, Debbie Weyl, Devashree Saha, Haley Leslie-Bole, Jennie Chen, Jennifer Rennicks, Jillian Neuberger, Justin Balik, Katherine Roboff, Katie Lebling, Katrina McLaughlin, Lori Bird, Maggie Overholt, Mansie Hough, Matt Herbert, Michelle Levinson, Molly Bergen, Naava Sedighm, Natalia Akopian, Nate Hausman, Sara Staedicke, Sarah Parsons, Shannon Paton, Shannon Wood, Sue Gander, Zach Byrum, and Zach Greene.