The clean energy industry celebrated a moment on August 7 that would have seemed impossible just a few weeks earlier: The Senate passed a budget measure that includes the largest investments in clean energy and climate change in U.S. history.
At $369 billion, incentives for clean energy deployment and climate change mitigation make up nearly half of the Inflation Reduction Act. The $740 billion budget package must now be passed by the Democrat-controlled U.S. House.
