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Democrats in the U.S. Senate celebrated as a landmark climate change bill was passed after over a year of intense debate. The legislation, known as the Inflation Reduction Act, is viewed as a major victory for President Biden and involves $430 billion in reforms. It allocates nearly $370 billion to transition the U.S. economy away from oil, gas, and coal, and includes provisions to reduce healthcare costs and introduce new business taxes. Reports highlight the increase in extreme weather events, such as wildfires and droughts, exacerbated by climate change. The U.S. remains the largest emitter of carbon dioxide since the industrial revolution and the second largest polluter today.
