FOR IMMEDIATE RELEASE
August 16, 2022
With President Biden’s Signature of the Inflation Reduction Act, Clean Energy Enters New Era
Washington, D.C. - The Business Council for Sustainable Energy (BCSE) and the Clean Energy Business Network (CEBN) commend President Biden for signing the Inflation Reduction Act into law. This landmark legislation joins recent bipartisan actions on the CHIPS+ Act and the bipartisan Infrastructure Investment and Jobs Act to invest in our nation’s energy security to help drive down energy costs and combat climate change.
“This historic milestone is decades in the making and puts the U.S. on a path to meeting its greenhouse gas emission reduction goals with strong and long-term federal policy support,” said Lisa Jacobson, BCSE President. “The Inflation Reduction Act is also founded on the principle of public-private partnership and will result in significant private sector investment in the energy sector,” Jacobson noted.
“Small businesses across the nation stand ready to deliver on the promise of this historic clean energy and climate legislation,” said CEBN President Lynn Abramson. “The Inflation Reduction Act marks the start of a new era for deploying cleantech at unprecedented scale to drive down energy costs, cut emissions, and boost our energy security. CEBN looks forward to working with federal agencies in ensuring these programs are carried out successfully over the coming months and years.”