Deal presents opportunity for historic climate action in Senate

Statement by EDF Chairman Fred Krupp

July 28, 2022

Matthieu Tresaugue, 713-392-7888, [email protected]

“The new agreement in the Senate, known as the Inflation Reduction Act of 2022, would deliver what the American people want: lower energy costs, healthier communities, and meaningful progress on climate change. The proposed clean energy investments would help American businesses be more competitive in the world while creating good jobs. And it would bolster the reliability of power grids in communities across the country.

“Taken together, the proposed $369 billion in climate and clean energy investments would be a historic step by Congress to improve people’s lives. The strong set of tax credits would quickly accelerate our transition to a modernized economy and make electric vehicles, clean energy and clean manufacturing more affordable.

“It is encouraging to see $60 billion to advance environmental justice, and we look forward to the continued leadership of the environmental justice communities on these provisions. The package also includes a program to reduce methane emissions that harm human health, waste energy resources and drive climate change.

“We urge Congress to move quickly to pass this. Our families and communities, especially those of us living on the frontlines of the climate crisis, need these fiscally responsible investments now and for the future.

Fred Krupp, President of the Environmental Defense Fund

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One of the world’s leading international non-profit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To achieve this, EDF combines science, economics, law and innovative partnerships with the private sector. With over 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, lawyers and policy experts work in 28 countries to transform our solutions in shares. Join us on Twitter @EnvDefenseFund

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