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Monday, November 29, 2021

House spends the biggest climate spending in U.S. history

Republicans, who were unanimously opposed to the bill, criticized the climate clause. “This includes payments to owners of electric vehicles,” said Senator John Barrasso of Wyoming, a senior Republican on the Senate Energy and Natural Resources Committee. “This includes higher taxes on US energy and higher consumer prices.”

According to him, these measures “will increase costs for working families.”

During an eight-hour attack on the House floor bill that began Thursday night and turned Friday morning, California-based Representative Kevin McCarthy, House Republican leader, said, “Every time you heat or cool your home in winter. in the summer you will pay more. This alone is enough to abolish the law – to abolish the law! “

Climate change is the largest spending category in the new legislation, which also includes the rest of Mr Biden’s broader domestic agenda, including expanding childcare, health care and education programs. More than a quarter of the bill – about $ 500 billion to be spent over the next decade – aims to move the American economy away from its 150-year dependence on fossil fuels and move towards clean energy sources such as wind, solar and other energy sources. … atomic Energy.

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By comparison, the largest amount previously spent by the federal government on climate change was about $ 80 billion in an economic stimulus package signed by former President Barack Obama in 2009. Mr Obama also enacted the country’s first major climate change regulations, but these were later relaxed or canceled by the Trump administration.

According to an analysis by the independent research organization Rhodium Group, once it enters into force, the new legislation will be able to prevent approximately one billion tons of carbon dioxide emissions by 2030. This is the equivalent of removing nearly all vehicles in the United States from the road within one year. But analysis has shown that this will only lead the country halfway to Biden’s goal.

“With the passage of this bill, Biden will be making an outstanding achievement that could help the United States move forward,” said Michael Oppenheimer, professor of geosciences and international affairs at Princeton University.

World Nation News Deskhttps://www.worldnationnews.com
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