Official government reports and statistics on renewable energy capacity

Biden Admits Inflation Reduction Act Focuses on Climate Change, Spending Hundreds of Billions

Sep 5, 2024, 10:58 PM

President Joe Biden recently admitted that the Inflation Reduction Act was not primarily focused on reducing inflation, but rather aimed at addressing climate change. This statement has sparked criticism, with some commentators arguing that the act was misrepresented to the public as a 'Green New Steal' slush fund. The act involves significant spending, amounting to hundreds of billions, on renewable energy projects such as wind and solar power, which critics believe is based on a flawed approach to tackling climate change.