The investment bank Credit Suisse predicts that over the next ten years, the law will result in roughly $1.7 trillion in climate investments. The law is projected to create more than 9 million jobs and it channels unprecedented resources toward environmental justice efforts. The transformational law will give a major boost to renewable energy, accelerate the transition to electric vehicles, slash climate-destroying methane pollution from oil and gas operations and promote climate-smart agriculture. Our experts also provided extensive technical assistance to the bill drafters to maximize the impact of the final legislation. But EDF staff continued to meet with key senators on Capitol Hill to push it across the finish line. Time and time again, negotiations appeared to stall. within reach of its climate commitments while demonstrating climate leadership around the world. With $369 billion in clean energy and climate resilience investments, the Inflation Reduction Act promises to help reduce heat-trapping emissions by 40% by the end of the decade, putting the U.S. history – and together we helped get it passed. It is the biggest investment in climate action in U.S.
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