New York, NY - The following statement can be attributed to Rob Freudenberg, Vice President for Energy and Environment, Regional Plan Association.
RPA applauds the passage of the Inflation Reduction Act, a historic piece of legislation that directly confronts the climate crisis by investing over $370 billion into clean energy and other decarbonization approaches. These unprecedented investments will put the US on a path to around 40% reductions in greenhouse gas emissions by 2030. Notably, the law will focus investments into those communities that have been historically marginalized and who have unfairly borne the burden of environmental injustice. This nationwide law will result in investments directly into our region, bolstering the work that New York, New Jersey, and Connecticut have all done to put their states on a pathway to renewable electricity and steep emissions reductions in other sectors of the economy, including support for the region’s growing solar and offshore wind industries.
Additionally, these federal investments will help states and cities to electrify their buildings through tax credits and funding for efficiency and electrification programs that will make technology such as heat pumps more affordable. We congratulate Leader Schumer for his unwavering efforts to get this legislation done and look forward to working with our state leaders to spend these dollars wisely.
