Richard G. Newell

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U.S. President Joe Biden signing the Inflation Reduction Act into law in Washington, D.C., August 2022. Reuters / Leah Millis

U.S. President Joe Biden signed a sweeping set of climate change initiatives into law this week, and with it, reclaimed momentum for American climate action on a global stage. While the legislation is named the Inflation Reduction Act, it allocates about $370 billion specifically to address climate change, the largest investment in climate action in U.S. history. This massive influx of funding could position the United States to substantially reduce its greenhouse gas emissions, solidifying its return to a leadership role in the global struggle on climate change—a role that the Trump administration had relinquished through its withdrawal from the Paris agreement and rollbacks on climate regulations.…  Seguir leyendo »