After decades of congressional inaction to curb climate change, advocates and experts are calling the Inflation Reduction Act one of the country's most important steps to address the issue and potentially decrease energy costs for households nationwide.
The bill offers $4,000 in tax credits for low- and middle-income drivers to buy used electric vehicles and up to $7,500 in credits for those drivers to purchase new electric vehicles.
But the bill doesn't get the country all the way to its goals of reaching a point where no new greenhouse gas emissions are being released into the atmosphere, also known as "net zero." Under the Paris climate agreement, the U.S. and other countries have committed to reducing emissions as quickly as possible to try to keep worldwide warming below 1.
"It contains provisions that would expand oil and gas leasing, both on shore and offshore, in ways that we think is actually quite unhelpful. It's unnecessary from an energy standpoint and, quite importantly, they can impose significantly more pollution on already overburdened communities," he told ABC.
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