Biden’s new infrastructure deal represents biggest climate investment in history

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President Biden’s Build Back Better plan has been scrambled between members of Congress for months, and finally the White House revealed a $ 555 billion climate change plan that could become the biggest clean energy investment of the history of the United States.

Revealed Thursday, the White House described exactly what Biden climate plan understand. The goal is for the United States to reduce its greenhouse gas emissions by 50 to 52 percent by 2030. In order to achieve this goal, Biden has created a set of incentives, investments and credits. tax that would encourage businesses and consumers to use renewable energy sources, like solar and wind power, over fossil fuels like oil, gas and coal.

If passed, Biden’s climate plan will roll out a new tax credit that will lower the cost of an electric vehicle by $ 12,500. It would also reduce the cost of installing solar panels in homes by around 30%, which could shorten the payback period by around five years.

The plan would also encourage companies to focus on manufacturing clean energy technologies, like solar panels and wind turbines, in the United States. manufacture of fossil fuels.


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Carol Browner, senior climate adviser to former President Barack Obama, said The Washington Post, “This is a game-changer. That’s six times the amount of Obama’s investment, and we thought it was important.

However, there are important elements that are notably lacking in Biden’s plan. After receiving the pushback from West Virginia Democratic Senator Joe Manchin, a clean electricity standard was removed. This would have required power companies to increase the amount of energy they produce from wind, sun and other renewable sources until they no longer emit carbon dioxide, an idea than Biden campaign to.

A charge for methane emissions by oil and gas companies has also been ruled out, a greenhouse gas that has more than 80 times the warming power of carbon dioxide in the first 20 years after reaching the atmosphere. , according to Environmental Defense Fund.

Biden’s climate plan has yet to be formally passed in the House or Senate, but the White House has revealed its details at a strategic time for Biden. The president is expected to attend the United Nations COP26, where leaders from around the world will meet in Glasgow, Scotland, to discuss action on climate change from October 31.

Leah Stokes, associate professor of political science and expert in climate and energy policy at the University of California at Santa Barbara, tweeted his support for the new climate plan revealed and the importance of having it adopted, “because the climate calculations are brutal. While we are fortunate enough to get this bill across the finish line, we will need more next year. The climate clock is ticking!


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