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Police hunt for gunman after UnitedHealthcare CEO is killed in Midtown Manhattan; Record number of women to serve in state legislatures nationwide; Onions caused McDonald's E. coli outbreak, but beef production still a concern; Detroit suburb revitalized by federal funds.

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Trump reportedly is considering replacing Pete Hegseth as defense nominee, the French PM is ousted, South Korea rejects martial law, Montana blocks a trans bathroom ban, and women's representation in state legislatures hits new highs.

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Limited access to community resources negatively impacts rural Americans' health, a successful solar company is the result of a Georgia woman's determination to stay close to her ailing grandfather, and Connecticut looks for more ways to cut methane emissions.

Assessing Climate Investments On 1st Anniversary of Inflation Reduction Act

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Wednesday, August 16, 2023   

The Biden Administration's Inflation Reduction Act turns one year old today, directing $370 billion to clean energy efforts through tax incentives, grants, and loan guarantees.

The public money has in turn spurred private investment to decarbonize the economy.

Stephan Nicoleau, an investor in the Full Cycle Fund, which finances climate critical technologies, talked about the ripple effect of the funding.

"This is a chance for us to level up our American economy. That multiplier effect is massive," Nicoleau explained. "We're talking about millions of jobs that are now part of the clean energy future of our country, and it allows us to think about a world where we are no longer, on an economic basis or on an energy basis, reliant on fossil fuels."

Republican opponents of the Inflation Reduction Act have cited concerns about the deficit and the effect on jobs in the oil and gas sector. So far, private companies have announced plans for 96 gigawatts of clean power, enough for almost 20 million homes. U.S. battery manufacturers have ramped up projects supporting the production of 10 million electric vehicles per year.

Meghan Salhi-Wells, former mayor of Culver City and California director of the group Elected Officials to Protect America, said it is a big opportunity to build offshore wind infrastructure coast to coast.

"We're rewriting the energy paradigm," Salhi-Wells emphasized. "From a paradigm that harmed communities into ones that lift us all up together."

Ahmad Zahra, a city council member in Fullerton, said his city has invested in urban forestry and clean water and is helping create a community choice energy agency for Orange County.

"We were having a hard time finding the funding to really accelerate this type of investment," Zahra pointed out. "This act is going to revolutionize all our policies on a local level, because we will have now the funds to be able to provide the tools of investment."

Disclosure: Elected Officials to Protect America contributes to our fund for reporting on Climate Change/Air Quality, Energy Policy, and Public Lands/Wilderness. If you would like to help support news in the public interest, click here.


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