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.
Leaders in the U.S. Senate announced a deal to pass the Inflation Reduction Act of 2022 through Budget Reconciliation, including $369.75 billion in energy security and climate change programs over the next 10 years.
The Nature Conservancy released the following statement from its CEO Jennifer Morris in response to the news:
“Our message to Congress is simple: Take this deal and pass it as quickly as you can. This would be the largest federal investment ever in addressing the climate crisis, and we cannot afford to miss this opportunity. Through a range of smart investments and incentives, the bill is projected to reduce carbon emissions by roughly 40% by 2030 – a significant leap forward in meeting our nation’s climate commitments.
Our message to Congress is simple: Take this deal and pass it as quickly as you can. This would be the largest federal investment ever in addressing the climate crisis.
“The strategic energy and climate investments also bring tremendous additional benefits. For example, boosting natural climate solutions to increase soil health and store more carbon through agriculture and forestry will help farmers, ranchers and foresters. Clean energy investments bring jobs and help ensure energy security. Nature-based solutions help communities become more resilient. Programs to improve local air quality will help reduce pollution in communities that have historically experienced the worst impacts.
“As the world’s second-largest carbon emitter annually, the U.S. must step up and lead at this critical moment for people and our planet. This deal is the best way to make the kind of progress we need to address the climate crisis and help our communities and our economy. We applaud Sens. Schumer and Manchin for reaching this agreement, and we urge Congress not to let this moment pass by.”
The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world’s toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 76 countries and territories—37 by direct conservation impact and 39 through partners—we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.