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Climate Change

The US is making a big down payment on climate change. Here's what needs to come next.

The Inflation Reduction Act was never meant to solve climate change on its own. Advocates are looking ahead to 2050, when the world needs to reach a point of not adding more CO2 to the atmosphere.

With the U.S. House expected to pass the most consequential climate change legislation in the nation’s history on Friday, environmentalists and advocates are chilling the champagne for a surprise victory.

Just a month ago, the Inflation Reduction Act of 2022 appeared doomed after an apparent breakdown in Senate negotiations. But an unexpected deal emerged, prompting a party-line vote Sunday that promised $369 billion for incentives to move the nation away from fossil fuels and toward renewable energy sources while putting more drivers in electric cars and making more homes energy efficient. 

Expert analysis projects the measures will get the U.S. most of the way toward a goal of reducing greenhouse gas emissions by half by 2030. Market momentum and regulatory tweaks could take care of the rest.