President Biden spoke about how the Inflation Reduction Act is the “most significant investment ever in climate change,” lowering utility bills, creating jobs and leading to a “clean energy future.” He says the climate crisis is an existential threat and “doesn’t care if you’re in a red or blue state.”
President Biden delivers 2023 State of the Union address. Live updates:
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Biden Says Inflation Reduction Act is the ‘Most Significant’ Investment in Climate Change
President Joe Biden has recently hailed the Inflation Reduction Act as the “most significant” investment in combating climate change. The landmark legislation, aimed at curbing rising prices and protecting American consumers, has garnered widespread attention for its potential impact on various sectors. However, Biden is highlighting one particular facet of the act that he believes is a game-changer in the fight against climate change.
The Inflation Reduction Act, passed by Congress earlier this month, includes several provisions designed to tackle the pressing issue of climate change. Among the key elements is a record-breaking investment in clean energy, renewable resources, and sustainable infrastructure. With an estimated $550 billion allocated to these sectors, the act aims to not only create jobs and boost economic growth but also reduce greenhouse gas emissions and mitigate the effects of global warming.
During a press conference at the White House, Biden spoke passionately about the significance of the act in addressing climate change, emphasizing that it is one of the largest investments ever made in clean and sustainable solutions. He stated, “We have a historic opportunity to combat climate change while creating good-paying, union jobs and rebuilding our infrastructure. This legislation is an essential cornerstone in our commitment to a greener and more sustainable future.”
Biden’s statement holds weight considering the scale of investment being made. The act will pour funds into various sectors critical to lowering carbon emissions and transitioning to a cleaner energy future. It allocates $85 billion to public transit systems, aiding the shift to electric buses and trains, $73 billion to modernizing power infrastructure, including building a more robust grid capable of accommodating renewable energy sources, and $50 billion for climate resilience and disaster response.
Moreover, the Inflation Reduction Act focuses on bolstering electric vehicle (EV) adoption across the country. Biden has emphasized the role EVs can play in tackling climate change and reducing reliance on fossil fuels. Through the legislation, the government plans to invest $7.5 billion in expanding the national EV charging network and offer incentives to encourage consumers to purchase EVs. These measures not only reduce carbon emissions but also stimulate the EV market, prompting automakers to accelerate their transition to electric vehicles.
The act also recognizes the importance of investing in clean and renewable energy sources. It allocates billions for research and development in cutting-edge technologies, such as advanced nuclear power, carbon capture, and green hydrogen production. These investments aim to develop innovative solutions that will allow the United States to transition to a carbon-neutral economy sustainably.
Critics of the act have raised concerns about its potential impact on inflation and national debt. However, Biden has argued that the act’s measures will help curb inflation in the long run by increasing productivity and reducing greenhouse gas emissions. Moreover, he contends that investing in clean energy and sustainable infrastructure will create millions of well-paying jobs, boosting the economy and offsetting any potential negative effects of inflation.
While the Inflation Reduction Act seeks to address multiple challenges facing the American economy, President Biden’s emphasis on its contribution to combating climate change underscores the administration’s commitment to prioritizing environmental issues. The significant investment allocated to clean energy, sustainable infrastructure, and EV adoption reflects a crucial step towards achieving a greener and more sustainable future. As the act is implemented, its impact on reducing greenhouse gas emissions and building resilience against climate change will undoubtedly be closely watched by both proponents and opponents of the legislation.
Why is no one talking about the Florida idalia speech recently. Joe Biden says his response is to INCREASE the number and severity of extreme weather!
We will see….
اهم رئيس بالعالم ربنا يبارك فيك يا ريس انا ما رضيتش غلب كلمه انا مش عايزك عايز رضا امريكا اولاد الغرب والباقي مش مهم
ربنا يبارك لنا فيك يا ريس برعايه الله ربنا يبارك فيك رئيس العالم كله ربنا يبارك ربنا يخليك لنا
Biden: When I came into office I intentionally raised inflation so that I could eventually bring it down a few ticks. So I take credit for bamboozling America bc I am the arsonist who will put out your house fire. Suckers!!!!!!!
Kevin McCarthy's reaction says it all
Can you say tax hike
where do i sign up at to get the reduction act money back?
Where stuck between a clueless party and a clown party.
It is impossible to believe that significant climate change legislation has or will pass the Senate, in spite of what the White House may claim.
Drive less, fly less, WFH if you can, don't build a house where there was no house before, and make sure your company pays at least 75, 100, or $200 per ton for carbon offsets. Even then you will almost certainly need to increase your income taxes in order to pay for more flood walls, flood barriers across waterways, and floodgates.
Taking money from Medicare to invest in green energy congress has personally invested in is not growth for the American taxpayer.
It is theft and corruption.
If you complain, you will be arrested and sent to Ukraine to fight for the right to molest children because Democracy.
So why have the Inflation Reduction Act if inflation is only transitory? Right? That is what all the Dummycrats were saying this time last year. Right?
Hardly surprising that the failed president incurred 25% of the 230 years of national debt in just 4 years, he is a six time bankrupt. He is also the only person who has less money at 76 than he had when he was 4….
If I would have known that life would be like this when I was younger, I would have killed myself a long time ago
The man is evil incarnate!!!!!
so good to have a president that can read and write
Literally the dumbest thing ever stated by a president lol
At Davos, Al Gore said it's a green energy bill, not a "inflation reduction" bill.
Imagine if Kevin McCarthy ripped up the speech. No you cant.. because he wouldn't do that..even though it'd be well deserved. This administration is a living disaster.
LIAR!!!
What a LIER!
So an INFLATION ACT has money in it FOR CLIMATE? Why? It's an inflation act. Climate change is a dem pet topic, you can see it's serious, cause they're clapping! And they have serious facial expressions! Clap you bigot!…. THIS WAS A DISCUSSION ON INFLATION?!?! And pay your fair share???? Did you get into Hunter's stash? You're talking about tax the rich and climate change ON AN INFLATION TOPIC.
*Inflation Creation Act
In a severe environment, .. ..
Those who are cheering are the ones that pocket the 10% with the big wig
There is no "Climate Crisis". False. There has been no trending increase in number or severity of floods, droughts, hurricanes, tornadoes, or wild fires. Take a deep breath, walk outside, and take a kid fishing.
Inflation reduction act causes more inflation.
The only thing McCarthy liked was Oil and Gas. Fixing climate change he hates.
McCarthy can roll his eyes at climate change or if you prefer global warming, …but it is Not about politics. It is about our future!
strange price went up again and more items are difficult to get so no your act is just that an act.
That act didn't even help lower inflation
There you go. We knew it was never about the deficit. It was all the Democrats agenda. The Democrats are nothing but scammers.
Climate change regulations are going to make my energy bill go down??? My electricity rates are up 30% since Biden took office!
Brandon’s empty student loan bribe screams… Let’s go Brandon! I agree! Where’s Jackie?
Background checks for guns are racist because Blacks are arrested at higher rates than whites.
Atta BOY "Uncle Joe"!!!!!