Washington, DC—The American Council for an Energy-Efficient Economy (ACEEE) released the following statement from Steven Nadel, its executive director, in response to Senate Democrats releasing text of the Inflation Reduction Act of 2022:
"We need bold action to address both the climate crisis and the challenges of high energy bills. This plan includes historic investments that will reduce energy waste, cut costs for homes and businesses, and slash greenhouse gas emissions.
"It would enable major efficiency and electrification upgrades in millions of homes and buildings to save energy and improve comfort and health, especially for low- and moderate-income households. It would provide transformational investments to help American industry decarbonize and become more competitive using next-generation low-carbon technologies. It would accelerate the shift to clean, electric vehicles while widening access to affordable transportation and cutting air pollution in disadvantaged communities.
“We cannot wait. We urgently need these investments, and Congress should pass this bill into law.”