Energy and Commerce Committee Chairman Frank Pallone, Jr. (D-NJ) released the following statement today as he joins a Congressional Delegation trip to Sharm el-Sheikh, Egypt, for the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change, known as COP27:
“We are attending COP27 to demonstrate the United States’ continued commitment to standing with our global partners in the fight against climate change and accelerate the transition to a stronger, more equitable and sustainable future. Enactment of the historic Inflation Reduction Act is a testament to that commitment. This law made the single-largest investment in climate action in American history, driving cuts in methane pollution, establishing a national Greenhouse Gas Reduction Fund, and supporting the deployment of clean energy technologies across every sector of the economy. We are proud that this law, in conjunction with the Bipartisan Infrastructure Law and domestic climate programs, has put us on track to meet the climate targets set forth in the Paris Agreement.
“These achievements are unprecedented, yet we know more action will be needed to achieve a clean future for us all. Solving this global problem requires global cooperation, and we will not falter in our commitments or in our determination to tackle the climate crisis head-on.”
The Inflation Reduction Act, signed into law in August of this year, includes historic clean energy and climate provisions that are expected to slash the United States’ greenhouse gas pollution by 40 percent by 2030. Many of these provisions were originally authored by Pallone and other Committee members, and passed out of the Committee in September 2021 following a three-day markup. The provisions were then passed by the House of Representatives in November 2021.
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