The U.S. passed a historic climate deal this year — here’s a recap of what’s in the bill

Photo caption: U.S. President Joe Biden holds out his pen to U.S. Senator Joe Manchin (D-WV) as Senate Majority Leader Chuck Schumer (D-NY) and U.S. House Majority Whip James Clyburn (D-SC) look on after Biden signed “The Inflation Reduction Act of 2022” into law during a ceremony in the State Dining Room of the White House in Washington, August 16, 2022. Photo credit: Leah Millis | Reuters. Article by Emma Newburger. CNBC – December 30, 2022.

Key Points

• The Biden administration this year signed into law a historic climate and tax deal that will funnel billions of dollars into programs designed to speed the transition to clean energy.
• The Inflation Reduction Act will have major implications for energy and manufacturing businesses, climate startups and consumers in the upcoming years.
• As 2022 comes to a close, here’s a look back at the key elements in the deal that climate and clean energy advocates will be watching closely in 2023. […]

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