WASHINGTON, D.C. – One year since its signing, the Inflation Reduction Act remains the most historic and ambitious step forward ever taken on climate. The legislation has led to over $110 billion in private investments in clean energy projects, resulting in good paying jobs and progress towards the clean energy transition needed to fight the climate crisis.

“The climate crisis’s toll is measured in lives lost, homes and businesses destroyed, and communities upended — and its costs are felt first and worst by frontline communities. One year ago, the president and Congress said enough is enough by passing the historic Inflation Reduction Act,” said Mustafa Santiago Ali, executive vice president for the National Wildlife Federation. “The Inflation Reduction Act is a foundation that we need to build upon — and it demonstrates how the best solutions lift up all communities, create opportunity for working- and middle-class families, and address the persistent and pernicious pollution that is harming so many Black, Latinx, Indigenous, rural, and lower-wealth white communities.”

Provisions for climate action in the law include: 

• Nearly $20 billion for climate-smart agriculture and conservation, providing funding for farmers and ranchers to put towards proven practices that reduce emissions, greenhouse gasses, and improve soil carbon management. 
• $2.6 billion for the conservation, restoration, and protection of coastal and marine habitats to create jobs and better help coastal communities become more resilient to worsening storms.
• $3 billion in funding to address harmful pollution and emissions and improve air quality, particularly in disproportionately impacted Black, Indigenous, and other communities of color
• Investments to lower costs for families including tax credits towards a clean energy economy. This includes tax credits to make electric vehicles and solar panels more affordable and accessible along with investments to shift the energy grid to more sustainable sources. 
• Funding for managing forests and reducing wildfire risk on National Forest lands and investments in private and publicly owned forests as tools to absorb carbon and help mitigate the climate crisis. 
• Funding for wildlife recovery plans to support endangered species act recovery plans along with investments in projects that support habitat and infrastructure in the National Wildlife Refuge System and State Wildlife Management Areas.
• Common sense oil and gas leasing reforms to reduce reckless speculation on lands with little potential for production, including charging fair rates for leasing on public lands.