With the passage of the Bipartisan Infrastructure Law in 2021 and the Inflation Reduction Act last year, Congress and the administration of President Joe Biden made a colossal bet on nascent massive-scale technological solutions to the climate change crisis.
Together, the laws dedicated more than $100 billion to atmospheric carbon reduction, including grants, loans and tax credits for renewable energy projects; hydrogen hubs; electric vehicle fleets; and carbon capture, utilization and sequestration, or CCUS. (Some prefer a simpler phrase: carbon capture, use and storage.)
