What does the Inflation Reduction Act mean for rivers
- American Rivers
On August 16, 2022 President Biden signed into law the Inflation Reduction Act, which will provide an estimated $369 billion to tackle climate change over the next decade. That’s a big number, but what does it mean for rivers?
Overall, this is a bold step forward, as it provides a significant investment that would cut carbon emissions by 40% by 2030, and provides over $30 billion in financial assistance for green house gas reduction projects. In a country like the U.S. where passing climate change legislation can be difficult, these investments could be game- changing.