News analysis

New climate Bill will transform US energy sector

A closed boat ramp is seen at the drought-stricken Elephant Butte Reservoir in New Mexico, on Aug 16, 2022. PHOTO: AFP
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WASHINGTON - Money talks, as the saying goes. And the United States has finally pledged real money in the fight against climate change in the shape of an Act that is being universally called the country's most significant climate legislation ever.

The Act was signed into law by President Joe Biden on Tuesday in Washington. It transforms the US' energy sector, in particular, essentially laying out an array of incentives that make clean energy the most cost-effective choice.

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