Sen. Coons: Inflation Reduction Act Invests in Clean Energy and It Will Benefit the Whole World

EXCERPT:
 

COONS: “I was encouraged to hear the comments from Ursula von der Leyen earlier today that we recognize that, as we are implementing this significant investment, we need to do it with an eye towards our closest partners and allies and to do it not just for our benefit, but for the world’s benefit. I think one thing that is missed in the coverage of the Inflation Reduction Act is that a lot of it is an investment in new clean energy technologies that can benefit the whole world, methane management and capture, carbon capture and sequestration, small modular reactors. So if you take the message from the Inflation Reduction Act that somehow America has become solely protectionist and that we will abandon multilateral finance or we will abandon the global markets that have helped make so much progress over the last decade, I don’t think that is a correct reading. I think it was principally about our energy independence, not an attempt to harm others or to isolate us from others. I do think that the implementation of it will end up proving to be more positive for the world as a whole than was initially seen."