Just a few weeks ago, the Biden administration’s historic climate package looked like it was on the brink of ruin after Senator Joe Manchin walked away from negotiations for a second time.
But behind the scenes, backdoor negotiations were underway. At the end of last month, Manchin and Schumer announced they had made a deal – and on Sunday, the Senate passed major climate legislation for the first time in American history.
The Inflation Reduction Act of 2022 has over $360 billion for energy and climate provisions. It’s a historic opportunity to supercharge clean energy and give the country a fighting chance at slashing emissions in time to meet the goals of the Paris Agreement.
So what’s in the bill? And what comes next?
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