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There’s no shortage of superlatives when it comes to describing the Inflation Reduction Act. With $369 billion in diverse climate provisions, it’s the biggest climate bill passed in the U.S. during the country’s most politically divided era. And even with all of the dollars and drama, one marvel that hasn’t broken through is that this new law takes a historic approach to using nature to tackle the climate crisis — to the tune of roughly $30 billion.
How did nature-based climate solutions retain such a large role in this climate legislation despite the bill’s severe cutbacks in the final negotiations? Aren’t nature-based solutions the “forgotten solution,” always sure to be the first one on the cutting room floor? What made this time different? Corporate leaders’ five-year embrace of nature-based solutions may have played a big role.
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