Inflation Reduction Act (IRA) win masks scale of challenge

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Inflation Reduction Act (IRA) win masks scale of challenge
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Democrats in the US Senate are celebrating the passage of hugely significant bill on climate change - but what impact will it have, at home and abroad?

, but the fact that the US will be able to go a long way towards meeting that target is being seen as a victory, at least by American observers.Climate Action TrackerOn the surface, if the US is not able to make its full 50-52% promised cut, then getting below 2.4C looks tough.

US observers hope that this significant action now being taken at the Federal level will spur greater efforts from US cities and states.So far the reaction has been muted. Observers say it is progress, but it comes after decades of failure to put legislation on the books.ChinaClimate was one of the few areas where relations between the superpowers remained positive.

At last year's COP26 gathering in Glasgow, co-operation between the two helped the talks achieve some progress."The fear is that the US-China tension can become an excuse for those countries that are unwilling to step up," said Bernice Lee, executive director of the Centre for Sustainable Resource Economy at Chatham House, speaking to the Reuters news agency.

And many developing nations are wondering where the cash is that they have been repeatedly promised to tackle rising temperatures.

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