U.S. Senate Votes to Pass Historic Clean Energy and Climate Investments

UPDATE: On August 12, 2022, the U.S. House passed the Inflation Reduction act, clearing the way for this landmark legislation. The Nature Conservancy thanks members of Congress and our supporters who recognize the momentous opportunities that this legislation provides for tackling climate change. Read the statement by TNC CEO Jennifer Morris.

The U.S. Senate today approved the Inflation Reduction Act of 2022 through budget reconciliation. The bill, now before the House of Representatives, includes around $370 billion in clean energy and climate investments over the next 10 years.

The Nature Conservancy released the following statement from its CEO Jennifer Morris in response to the news.

“The Senate’s approval of the Inflation Reduction Act gives us hope, and more optimism than we’ve had in years, that the U.S. Congress recognizes the urgency of the global climate crisis and is prepared to lead a meaningful response.  

“The United States, the world’s largest cumulative carbon emitter, is poised to commit considerable resources and embrace prudent policy to foster technological innovation, advance nature-based solutions and enhance community resilience – all while boosting the national economy.

“Reducing carbon emissions by roughly 40% by 2030 will put us within reach of our climate goals and international commitments. Equally important, the bill will begin to address the disproportionate effects air pollution and climate change have on historically marginalized or underserved communities.

“The momentum is building. We now look to the House of Representatives and ask its members to consider the enduring impact this action will have on future generations. Please don’t allow this historic opportunity to pass us by.”