How Project 2025 Threatens the Inflation Reduction Act’s Thriving Clean Energy Economy
Photo shows two workers wearing protective gear installing a couple solar panels on a sunny rooftop
Workers install solar panels on the rooftop of a low-income household in Pomona, California, October 2023. (Getty/Mario Tama)
As the two-year anniversary of the Inflation Reduction Act is commemorated, the Biden-Harris administration’s historic climate action offers much to celebrate, having secured unprecedented clean energy advancements and substantial gains against climate change—but Project 2025 has the potential to reverse this pivotal progress and derail the nation’s clean energy transition.
Two years ago, the Biden-Harris administration signed the landmark Inflation Reduction Act (IRA) into law. This historic legislation, key to the administration’s ambitious climate agenda, is the largest clean energy investment in U.S. history.1 Since 2022, the IRA has saved Americans money,2 limited greenhouse gas (GHG) emissions,3 and boosted clean energy.4 Its total benefits by 2030 are projected at $49 billion domestically and $5.6 trillion globally.5
As climate change devastates public lands and waters,6 economies, health, and infrastructure,7 building a clean energy economy to combat its impacts is a race against the clock. In recent years, climate change has intensified extreme weather events, increasing the frequency, severity, and danger to communities.8 Since June 2023, every month has set new heat records, with 2024 predicted to supersede 2023 as the warmest year ever recorded.9
Recognizing this urgency, the Biden-Harris administration has taken more than 300 climate actions to protect against the immediate and long-term threats of climate change.10 Their science-based approach has worked to reverse more than 150 harmful policies from the previous administration.11 08-15-24
