Wednesday, December 6, 2023

As Bill Stoll Spending, Biden Climate Targets Remain Elusive

As Bill Stoll Spending, Biden Climate Targets Remain Elusive

WASHINGTON — President Joe Biden is facing a tough road to achieve his ambitious goal of halving planet-warming greenhouse gas emissions by 2030, amid a legislative deadlock that halted a $2 trillion package of social and environmental initiatives. Have given.

Biden’s Build Back Better plan, which includes $550 billion in spending and tax credits aimed at promoting clean energy, was scuttled by Democratic Sen. Joe Manchin of West Virginia, who said just before Christmas that he would I cannot support the law.

Democrats insist they are moving forward on a comprehensive package, which would also boost family services, health care and other programs. Manchin had indicated in recent days that the climate-related provision was unlikely to be a deal-breaker, but the bill has backfired on voting rights legislation and other Democratic priorities.

Even without the law, Biden can advance his climate agenda through rules and regulations. But they can be undone by subsequent presidents, as demonstrated by Biden reversing the rules of the Trump administration that rolled back protections under Barack Obama.

Experts cite Biden’s executive authority to regulate tailpipe emissions from cars and trucks, as well as restrict emissions from power plants and other industrial sources, and to approve renewable energy projects on federal land and water. The enormous power of the federal government.

Indeed, the Environmental Protection Agency announced new tailpipe rules for cars and trucks the day after the Manchin bombing was announced on December 19. The next day, the Interior Department announced the approval of two large-scale solar projects in California and proceeded to open up public land. to solar development as part of the administration’s efforts to combat climate change by shifting from fossil fuels to other western states.

The administration has access to tens of billions of dollars under a bipartisan infrastructure law approved in November, including $7.5 billion to build a national network of electric vehicle chargers; $5 billion to distribute thousands of electric school buses nationwide; and to reduce $65 billion in costs to upgrade the electricity grid and to facilitate the expansion of renewable energy such as wind and solar power.

“I think the US has a lot of tools and a lot of options to leverage on climate over the next decade,” said John Larsen, an energy systems expert and partner at Rhodium Group, an independent research firm.

“Build Back Better is helpful” to meet Biden’s goals, “but if you don’t have Build Back Better, that doesn’t mean nothing happens,” Larsen said. “It just makes the task a little more challenging.”

Larson is a co-author of the Rhodium Group’s previous study, which found that the passage of the Build Back Better package, as well as bipartisan infrastructure laws and regulations by major federal agencies and states, reduced US greenhouse gas emissions by 45% to 51%. can cut. below 2005 levels in 2030.

The Biden bill provides incentives for electric car purchases, the development of technology to capture and store carbon emissions, and the construction of wind and solar farms, among other provisions.

World Nation News Desk
World Nation News Desk
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