Many hailed the US Senate bill as a game-changer for US and global efforts to tackle the root causes of global warming.
But how does the Inflation Reduction Act (IRA) work, and what will it accomplish in terms of lowering global temperatures?
Attempts to limit fossil-fuel emissions from power plants have failed in US courts, so the administration of President Joe Biden has turned to a tried and tested method - putting money in the hands of voters.
Consumers can get benefits under the bill for buying new and used electric cars, heating homes with heat pumps and cooking meals using electricity.
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Energy producers will receive a ten-year tax credit for providing wind and solar power, leading to more renewable energy supplies in the market. It will replace heavy gas and coal.
That's a far cry from the 50-52% cut that President Biden promised last year, but the fact that the United States could advance toward a goal is seen as a victory, at least by observers. America's eyes.
The pledge is part of the 2030 Global Pledge, which experts tracking climate action suggest will increase global warming by 2.4 degrees Celsius this century.
On the other hand, if the United States cannot achieve the promised 50-52% reduction, a reduction of 2.4°C will be difficult.
Scientists say this is frequently compared to pre-industrial levels - well above 1.5 degrees Celsius - and is necessary to avoid adverse effects.
US observers hope that the extensive work now underway at the state level will spur more efforts by US cities and states.
But will the new initiative encourage more efforts from other countries?
So far, the response has been muted. Trustees say it's progress, but decades later there's no law on the books.
Nor does the bill do much to repair relations with China, the world's largest carbon emitter.
China suspended talks with the United States on climate issues last week in response to House Speaker Nancy Pelosi's visit to Taiwan.
Climate is one of the few areas where relations between major powers remain good.
Without trust and agreement between the two parties, the Paris climate agreement would not have happened.
At last year's COP26 meeting in Glasgow, cooperation between the two sides helped make some progress.
Now everything is destroyed - and the result of the blow is unlikely to be positive.
"The concern is that tensions between the United States and China will be a reason for countries not to grow," Bernice Lee, director of future research at Chatham House, told the institute. - Reuters news. Other major producers, such as India and Brazil, may focus on the fact that the pollution cuts contained in the bill do not deliver on what President Biden has publicly promised.
Many developing countries are wondering where the money promised over and over to fight climate change has gone.
"Even though the US bill provides $370 billion for climate spending, we in the global south are wondering why the US and other wealthy nations aren't keeping their pledge to donate." $100 billion in climate financing for poor and vulnerable countries by 2020," Mohamed Addo, director of the Power Shift Africa think tank, welcomed the bill's development.
With Egypt's main climate conference, COP27, just months away, signs of progress despite the US bill are disappointing.
The war in Ukraine and global concerns about inflation and oil supplies next winter dominate the fears.
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