Businesses aren’t the only ones putting climate plans in place. So are many states.
Key details
Since the passage of the Inflation Reduction Act, which contains $369 billion in funds for clean energy, states have announced plans to do their part to combat climate change.
- California set some major greenhouse-gas reduction goals: 40% below 1990 levels by 2030 and 80% below 1990 levels by 2050. In an effort to meet the goals, Governor Gavin Newsom announced a $10-billion zero-emission vehicle package earlier this year. The goal of the vehicle package is to have every car sold be electric by 2035.
- Maryland passed an act to reduce greenhouse emissions called the Climate Solutions Now Act in April. The goal of the act is to achieve 60% reduction in statewide greenhouse gas emissions by 2031 and net-zero emissions by 2045.
- New York is also putting plans in place, by making a plan to unblock a stream and create green space. The project is called the Tibbetts Brook Daylighting Project. The city will be restoring a covered stream and removing the good water from the sewage system and creating a mile-long green space.
- Florida announced it would invest $700 million on more than 185 climate projects. The White House also pledged $50 million to protect low-lying neighborhoods in South Florida from storm surges as part of a larger $1 billion package to support states in climate, according to Fortune.
Why it’s news
Since the announcement of the climate change bill, many businesses have begun to put plans into place to limit climate change.
Recently, President Joe Biden signed a climate and healthcare law called the Inflation Reduction Act. The new bill includes a $369-billion investment in climate and energy policies.
The goal of the bill is to cut greenhouse gas emissions by investing billions in climate and energy. The investment aims to boost renewable energy infrastructure in manufacturing, like solar panels and wind turbines, and include tax credits for electric vehicles and measures to make homes more energy efficient.
Before the new climate bill was introduced some states were already putting climate initiatives in place.
