Wisconsin advocates say historic investments in clean energy passed by the U.S. Senate could be the catalyst the state needs to move more quickly on clean energy goals.
The U.S. Senate passed the Inflation Reduction Act Sunday, moving along the largest federal clean energy investment in U.S. history. The $370 billion dollars in funding will go toward renewable energy infrastructure programs and tax credits for electric vehicles among other climate policies. Senate Democrats have said the legislation will help the country cut greenhouse gas emissions by 40 percent from 2005 levels by 2030.
The Inflation Reduction Act also includes measures to reduce costs for Medicare recipients and several tax changes that are expected to bring in around $300 billion in new revenue.