U.S. special presidential climate envoy John Kerry praised the Inflation Reduction Act, calling it an “amazing” bill due to its climate-related impact while acknowledging that it does not seem to do much for inflation.
Speaking at the International Energy Agency’s Global Clean Energy Action Forum, Kerry called the bill “a completely misnamed piece of legislation,” but first he gave a different reason.
“We’re running around saying, ‘I support the IRA. That’s tricky in politics, but here we are,” he joked, an apparent reference to the Irish Republican Army. Then he made the same observation as the bill’s critics.
“And I’m not sure how much it has to do with inflation, but that’s OK,” he acknowledged.