Elected officials speak about the challenges and benefits of the IRA, on the law’s anniversary

Elected Officials to Protect America will speak at 11am about the challenges and benefits of the Inflation Reduction Act on the law’s anniversary. How the IRA is fighting the climate crisis with tangible solutions, and how it will help environmental justice communities are essential components to the security of America and the planet.

The lRA has driven record investment in its first year. What might hold back progress is how long it takes to secure environmental and technical permitting approvals for large scale energy projects, and is being debated in Congress.

SPEAKERS

• Naquetta Ricks Colorado State Representative
• Sandra Givens Scott, Georgia State Representative, Army Veteran
• Joyce Watterman, Council President, Jersey City
• Alex Cornell du Houx, former Maine State Representative, Marine veteran, EOPA President.
• Cassandra Campbell, Corporate Strategy Director, Asymmetric Return Capital

The IRA’s core principle is to accelerate a clean energy transition with incentives rather than penalties. The law directs nearly $370 billion in federal funding to clean energy efforts through a mix of tax incentives, grants, and loan guarantees.

Many of the IRA’s mechanisms are designed to leverage vastly more in private investment, including opportunities for public-private partnerships. Importantly, it also leaves the door open for new technologies as long as they can be proven to reduce emissions.

The IRA is giving investors and governments around the world the stability and security they need to make long term investments in a clean energy future.

“Climate change is a threat multiplier, according to the Department of Defense. A clean energy future is an energy secure future, which will mitigate extreme weather threats,” said Alex Cornell du Houx, President EOPA.“ The IRA is a historic investment in our security, prosperity, and health. Nations look to America. for our leadership and it encourages them and industries to adopt clean energy technologies globally.”