The Inflation Reduction Act is the Biggest Climate Investment in History. The Fight Doesn’t Stop Here.
Summary
Earthjustice describes the Inflation Reduction Act (IRA) as a transformative climate investment that provides tools to transition to a clean energy economy, while warning that certain provisions and potential 'side deals' could entrench fossil fuel dependency and weaken environmental protections.
Key insights
- The Inflation Reduction Act (IRA) is characterized as the largest climate investment in history, offering an opportunity to replace the fossil fuel economy with clean energy to improve health, secure justice, and create jobs.
- The IRA allocates $60 billion to support communities disproportionately affected by pollution and climate change, specifically targeting the cleanup of Superfund sites, air monitoring improvements, emissions reduction at ports, and community-led initiatives via Environmental and Climate Justice block grants.
- Earthjustice identifies several risks within the IRA, including 'poisonous handouts' for the fossil fuel industry and the fact that offshore wind energy development is tied to expanded onshore and offshore oil and gas leasing in Alaska and the Gulf of Mexico.
- The document warns against a reported 'side deal' involving Senator Joe Manchin, Senator Schumer, and Speaker Pelosi that could weaken the National Environmental Policy Act (NEPA) by shortcutting permitting processes and reducing community engagement.
- Earthjustice criticizes the IRA's support for technologies such as blue hydrogen and carbon capture, arguing that these maintain fossil fuel dependency rather than focusing on electrification and renewables.
Cite the original document
- APA
- Wollack, L. (2022). The Inflation Reduction Act is the Biggest Climate Investment in History. The Fight Doesn’t Stop Here. Earthjustice. https://earthjustice.org/experts/sambhav-sankar/inflation-reduction-act-biggest-climate-investment-fight-doesnt-stop
- Chicago
- Wollack, Lauren. The Inflation Reduction Act is the Biggest Climate Investment in History. The Fight Doesn’t Stop Here. Earthjustice, 2022. https://earthjustice.org/experts/sambhav-sankar/inflation-reduction-act-biggest-climate-investment-fight-doesnt-stop.
- Wikipedia
- {{cite press release |last1=Wollack |first1=Lauren |title=The Inflation Reduction Act is the Biggest Climate Investment in History. The Fight Doesn’t Stop Here. |publisher=Earthjustice |date=19 August 2022 |url=https://earthjustice.org/experts/sambhav-sankar/inflation-reduction-act-biggest-climate-investment-fight-doesnt-stop |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @misc{wollack2022inflation, author = {Wollack, Lauren}, title = {{The Inflation Reduction Act is the Biggest Climate Investment in History. The Fight Doesn’t Stop Here.}}, publisher = {Earthjustice}, year = {2022}, month = aug, url = {https://earthjustice.org/experts/sambhav-sankar/inflation-reduction-act-biggest-climate-investment-fight-doesnt-stop}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
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