Last Week's Climate News — 3/27/23

Here's what happened last week

IPCC Chair Hoesung Lee celebrates the conclusion of the Sixth Assessment Report. Photo by ENB

US national climate news

• The Inflation Reduction Act could be as big as $1 trillion over 10 years and unleash $3 trillion in private climate investment. (The total amount the federal government isn’t capped and depends on how many people use the incentives).

• Baby boomers in 100 cities around the country protested large banks like Chase, Wells Fargo, Bank of America, and Citi that are funding fossil fuel projects.

• Democratic Senators, including climate hawks like Sen. Brian Schatz, said they won’t vote for the House GOP’s permitting reform bill if it doesn’t include provisions to build more transmission lines for clean energy projects.

• A bill that would give Americans a $1,500 incentive to buy an e-bike was introduced in the House and Senate.

• President Biden used his first veto to block a bill that would have prevented pension fund managers from considering climate change in their investment decisions.