A 700-plus-page “inflation reduction” bill moving through the US Congress would steer significant new funds toward battling wildfires and extreme heat — climate change-related risks that are wreaking havoc across the country this summer. The legislation, pared down from earlier versions, would direct approximately $370bn toward a range of climate and energy initiatives, including renewable energy tax credits, backing for electric cars and heat pumps, and environmental justice. If passed — no easy feat given a narrow Democratic majority — the bill would represent a historic level of investment toward reducing fast-growing climate change threats, backers say. “This is going to, if passed, be
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