"[T]he analogy [regarding the three recent US climate laws] we’ve been thinking about is the backbone, the brain, and the lungs. So, the backbone being the Bipartisan Infrastructure Law {November 2021} . . . . That law [includes] investment in US infrastructure [such as] roads and bridges, but including significant energy infrastructure. Then there's the brain, the CHIPS and Science Act {August 2022}, and chips being the semiconductors that are in {electric vehicles, energy infrastructure, etc.} . . . and the science part authorizes additional investments from Congress in science {related to grid upgrades, zero emissions research, etc. by the} National Science Foundation and DOE {Department of Energy}. And then the third piece is the lungs. So, [taking a deep breath] breathing into that clean energy economy, the Inflation Reduction Act {August 2022} incentivizes deployment of clean technologies and really focuses on lowering costs for American families."
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