Gina McCarthy Celebrates the Anniversary of the Inflation Reduction Act & What It Means for Our Planet
18 Aug 2023
It’s been a year since the Inflation Reduction Act was passed by Congress. And for Gina McCarthy, the former White House National Climate Advisor and APB speaker, it’s been a game changer. In a recent article in TIME, she wrote about the effects of the bill and what we can all do in the future to help our planet even more.
In addition to lowering prescription drug and healthcare costs, the bill includes the most aggressive action on tackling the climate crisis in American history, according to The White House. It includes expanded clean energy tax credits for wind, solar, nuclear, clean hydrogen, clean fuels and carbon capture. It also incentivizes domestic production of clean energy technologies.
McCarthy, who recently joined America Is All as co-chair to promote the Inflation Reduction Act, says the bill spurred other countries to develop their own plans “and opened up unprecedented opportunities to take a big bite out of global carbon emissions while enhancing domestic economies, growing good-paying clean energy jobs, saving families money and improving air quality and health outcomes.”
Although the news is good, there is still a lot of work to be done, McCarthy adds. She recommends several initiatives, from pushing harder to nudge fossil fuels out of domestic and international markets to more private-sector investments in the developing world to equipping developing nations with the resources they need to secure their place in a clean energy future.
“Let’s encourage our government leaders to work across all international venues to open up public and private sector investments for the good of our families, our communities, our countries, and our world,” she says.