The world is experiencing an energy revolution. Over the past 15 years or so, huge technological progress has, in many cases, made it cheaper to generate electricity from solar and wind power than by burning fossil fuels. The Inflation Reduction Act — which is, despite its name, mainly a climate bill — aims to accelerate the transition to renewables and also to electrify as much of the economy as possible; this effort, if it works quickly enough and is emulated by other countries, could help us avert climate catastrophe.
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