The Inflation Reduction Act Lives Up to Its Name

The Inflation Reduction Act is living up to its name, says Sen. Cory Booker .

Booker: Clean energy investments are laying the foundation for continued climate action in ways that bring benefits to people in their lives.

Booker says investments are preparing America to compete in the global clean energy economy for decades to come.

Some projections show demand for fossil fuels declining in the United States by as much as 16 percent for petroleum and 20 percent for natural gas over the coming decade .

Even households who are not ready to make the switch to electricity will still see major savings from the economywide transition to clean energy.

But progress toward clean, affordable energy is imperiled by several threats.

Julian Zelizer : RSC budget and Project 2025 would cause severe consequences for the U.S. economy.

Zelizer says climate policies would raise electricity prices and prolong gasoline dependence.

He says they would cause 750,000 direct job losses in 2030 , and reduce GDP by $320 billion per year in 2030 .

The Senate ratified U.N. Framework Convention on Climate Change in 1992 to translate domestic policy into global climate action.