$370 billion. sounds a lot. is a lot. brings a lot? A year ago, Joe Biden put together the largest climate protection package in US history. Today it is clear that the green transition is worthwhile. Only hardly anyone gets it – especially not the voters.
If you want less CO2 in the atmosphere, it costs money. Lots of coal. Colloquially, of course. Because climate protection is expensive. But it’s worth it, as the USA is proving.
On August 16, 2022, US President Joe Biden ceremoniously signed the document that would not only be his legacy, but also the beginning of a green change: the Inflation Reduction Act (IRA). What sounds like dry budgetary policy is actually one of the most ambitious projects in recent US history, the heart of Biden’s ambitious economic policy, the “Bidenomics”.
Source: Stern
I have been working in the news industry for over 6 years, first as a reporter and now as an editor. I have covered politics extensively, and my work has appeared in major newspapers and online news outlets around the world. In addition to my writing, I also contribute regularly to 24 Hours World.
