WHAT HAPPENS NEXT?
The Senate passed the Inflation Reduction Act, and it is perhaps the most important climate bill in modern times.
Most of the reduction in U.S. emissions would come from tax credits for clean energy. The Act also aimed to invest in clean technologies. There are also provisions aimed at increasing domestic manufacturing for batteries, solar, and offshore wind.
Another feature is making green technology more affordable and helps equip households with more energy-efficient equipment. Electric vehicle owners may also be eligible for tax credit. These upgrades may have the added benefit of lowering energy prices, in addition to shrinking the nation’s carbon footprint and distribute these technologies to a broader base of Americans.
What about you, what do you think would be the pros and cons of this new movement?
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