Today is historic for the very best reason. The 2022 Budget Reconciliation Bill, also known as the Inflation Reduction Act, passed Congress with $369 billion included for energy security and climate solutions—the single biggest climate investment in US history! This puts our country on the path to reduce greenhouse gas emissions by approximately 40% by 2030.
This is a time to celebrate significant progress. While investing in the social and economic transformations necessary to address the climate crisis benefits everyone who calls our planet home, there are vast economic and societal benefits that will make a world of difference right where Southface is headquartered, in Georgia. (If you haven’t already, sign up for Southface’s newsletter now for upcoming advocacy workshops and sustainability news and analysis you won’t want to miss.)
The far-reaching impacts of the Inflation Reduction Act for our state, nation, and global community cannot be overstated. An influx of funding, jobs, and economic growth of this magnitude will accelerate Georgia’s rise to prominence as a national and global leader in solar, energy storage, and electric transportation and mobility. Southface’s Advocacy Team shares the three biggest opportunities Georgians can look forward to:
1) A $60 billion investment in clean energy manufacturing will create jobs in Georgia.
2) Significant consumer incentives will put home energy efficiency, electric vehicles, and rooftop solar within reach for many Georgians.
3) Allocating $60 billion to environmental justice will help combat barriers to the clean energy transition that people of color, rural communities, and those with less financial security disproportionately face.
Overall, with 3.2% of the US population living in Georgia, policy experts expect our state to receive at least $14.3 billion from the Inflation Reduction Act’s historic climate investments. Southface’s Advocacy Team is encouraged by how closely the bill aligns with the market-ready high-impact climate solutions outlined by our partners at Drawdown Georgia.
Our state is ready to build the future we urgently need, and Southface has the tools to help Georgians get the job done. Stay tuned for our federal funding workshop on September 14 and more opportunities to engage by signing up for our newsletter today. We have all waited a long time for this win! Let’s make the most of it.