E2: Climate change is battering our economy; Congress should seize opportunity to pass legislation that can help

WASHINGTON (July 28, 2022) – Sen. Joe Manchin and Senate Majority Leader Chuck Schumer have agreed to historic legislation that includes the biggest investments into clean energy and climate action in our nation’s history, the “Inflation Reduction Act of 2022.”

Following is a statement from Bob Keefe, executive director of the national, nonpartisan business group E2 (Environmental Entrepreneurs) and author of the new book “Climatenomics: Washington, Wall Street and the Economic Battle to Save Our Planet”:

“It’s significant that the country’s most sweeping climate legislation is also economic legislation. Climate change is battering our economy and hitting us all in the pocketbook, sending up costs for everything from food to electricity to insurance.

“The good news is that solar and wind are now the cheapest energy sources available for most utilities. Electric vehicles are cheaper for consumers and businesses tired of paying $5-$6-$7 a gallon for gasoline. And energy efficiency can help us all save money with every monthly power bill.

“But we need federal legislation to make those things more affordable and more available to more Americans. The devil is in the details, but this bill promises to do just that. Members of Congress from both parties should seize this opportunity to quickly refine and pass legislation that is good for both our economy and our environment.”

NOTE: On August 3, E2 will release its annual Clean Jobs America 2022 report, including details on clean energy jobs for every sector and subsector in every state, and background on how policies such as the Inflation Reduction Act can create more clean energy jobs across the country.

Meantime, for more information see these links:


For interviews or more information, please contact Alex Frank at (703) 276-3264 or afrank@hastingsgroup.com


E2 (Environmental Entrepreneurs) is a national, nonpartisan group of business leaders, investors, and professionals from every sector of the economy who advocate for smart policies that are good for the economy and good for the environment. Our members have founded or funded more than 2,500 companies, created more than 600,000 jobs, and manage more than $100 billion in venture and private equity capital. For more information, see www.e2.org or follow us on Twitter at @e2org.


Sign Up for Email Updates

  • This field is for validation purposes and should be left unchanged.

Our Latest Press Releases


Analysis: Georgia To Gain 39K Jobs from IRA-Induced Clean Energy Projects, $13B In Private-Sector Investments; Add $14B To GDP

Large-scale clean energy projects announced in Georgia in just the first year of the federal Inflation Reduction Act (IRA) are projected to create or support almost 39,000 jobs and generate tens of billions of dollars in new wages, tax revenue, and economic...



Companies Announce $2.4 Billion for Major Clean Energy Manufacturing Projects in January; 4 Projects to Create At Least 2,100 Jobs

Battery and electric vehicle (EV) suppliers announced $2.4 billion in investments to build four new large-scale clean energy manufacturing projects in January, according to the monthly tally of private-sector announcements from E2. The new projects – which ...


E2: Costs of Climate Change Rising “No Matter Where You Are in America” As Disaster in Southern California Rages 

WASHINGTON – A state of emergency has been declared in Southern California as storms continue to blast the region with heavy wind, historic rainfall, and deadly flooding and mudslides. Preliminary estimates project the total damage and economic loss from th...

Federal, San Diego, Los Angeles

Donate Today