Senate Takes Bold Steps to Help American People and Address Climate

Statement by EDF Chairman Fred Krupp

August 7, 2022

Matthieu Tresaugue, 713-392-7888, [email protected]

“This is a milestone in the fight to protect us from climate change. Today the Senate voted for a stronger economy, healthier communities and a more stable future.

“The Cut Inflation Act is an ambitious investment in the American people, as rising inflation and the climate crisis disrupt our lives. This strong package of tax credits will reduce costs for families and businesses and create more than 9 million good jobs by developing clean energy made in the United States.

“We must move towards renewable energies and reduce our dependence on fossil fuels to stabilize the climate. This bill will bring us much closer to President Biden’s goal of halving climate pollution by 2030 — and restore the United States to a leadership role in working to ensure a livable future.

“I recognize that this bill is not perfect, but it is a very big victory for the climate and our economy. It will make electric vehicles, solar panels and efficient appliances more affordable and reduce methane pollution from oil and gas operations. It will help farmers and rural communities reduce their emissions and prepare for climate impacts that cannot be avoided.

“Bill will invest $60 billion in environmental justice, an important step toward addressing the legacy of divestment and the burden of pollution in predominantly Black, Latino, Indigenous, and low-income communities – and to ensure these communities enjoy a clean energy future. While the bill ushers in unprecedented resources for environmental justice, much more will be needed. We must prioritize environmental justice concerns as emerging technologies are developed and deployed.

“I am grateful for Senator Schumer’s leadership on this bill and know that Speaker Pelosi plans to move it quickly to the President’s office. The Speaker has won key climate victories since assuming leadership of the House, and I appreciate her commitment and tenacity. This bill outlines the promise of a better future for the American people.

Fred Krupp, President of the Environmental Defense Fund

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One of the world’s leading international non-profit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To achieve this, EDF combines science, economics, law and innovative partnerships with the private sector. With over 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, lawyers and policy experts work in 28 countries to transform our solutions in shares. Join us on Twitter @EnvDefenseFund

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