U.S. Secretary of Energy Jennifer M. Granholm issued the following statement upon the successful vote to pass the Inflation Reduction Act of 2022 (IRA) in the U.S. House of Representatives:
“The House of Representatives has just secured the most essential piece of President Biden’s strategy for building a secure clean energy economy: the Inflation Reduction Act.
On its own, the Inflation Reduction Act is a triumph of scope and ambition that puts the American people before special interests. The law will unleash American ingenuity to deploy clean energy at a pace and scale that positions us to cut carbon pollution in half by 2030. It will lower the costs of electric vehicles, rooftop solar panels, and energy-efficient home appliances for American families, unlocking hundreds of dollars in savings each year. It makes historic investments to protect and improve land, water, air, and health in underserved communities nationwide, advancing President Biden’s Justice40 initiative. And it will give our National Laboratories the resources to keep the United States on the forefront of scientific discovery.
By enacting the Inflation Reduction Act alongside President Biden’s Bipartisan Infrastructure Law and the CHIPS and Science Act, President Biden has put the nation on track to lead the global clean energy market. If we succeed, the world will take on climate change using technologies dreamt up by American innovators, built with American materials, and assembled by American workers.
Of course, more than simply passing laws, success depends on effective implementation. That means the Department of Energy’s work is just beginning. I am confident that as the American people see and feel the benefits from our efforts to transform America’s economy, lower costs, create jobs, and strengthen our national security, we will build momentum and broaden support for further action.