Associated Press
President Joe Biden heads to a United Nations climate conference Monday energized by a new legislative framework that, if enacted, would be the largest action ever taken by the United States to address climate change.
The $555 billion plan for climate spending is the centerpiece of a sweeping domestic policy package Biden and congressional Democrats presented Thursday, hours before the president traveled to Europe for another summit ahead of the climate meeting in Glasgow, Scotland.
Biden called the plan “the most significant investment to deal with the climate crisis that ever happened, beyond any other advanced nation in the world.”
While far from certain to pass in a closely divided Congress, the new framework reassured nervous Democrats and environmental leaders that a president who has made climate action a key focus of his administration will not arrive in Glasgow empty-handed.
The plan did not give Biden everything he wanted, but supporters still believe that, if enacted, it would set the United States on a path to meet Biden’s goal to cut carbon pollution in half by 2030.
Biden’s plan includes more than $300 billion in tax incentives for renewable energy such as wind and solar power, as well as investments to boost nuclear power, sharply increase the number of electric vehicles and spur production of batteries and other advanced materials.
The plan also would spend at least $100 billion to address extreme weather such as wildfires, hurricanes and droughts, address “legacy pollution” in hard-hit areas and establish a Civilian Climate Corps, a New Deal-style program to create thousands of jobs building trails, restoring streams and helping prevent catastrophic wildfires.
But a proposal to reward power companies that move from fossil fuels to clean energy and penalize those that do not was dropped following opposition from coal-state Sen. Joe Manchin, D-W.Va. And the fate of a proposed fee on methane leaks during oil and gas production also was uncertain, though liberal Democrats were hopeful it will be included.
A recent analysis by the Rhodium Group, an independent research firm, found that passage of a bipartisan infrastructure bill and the larger climate and domestic policy package, combined with regulations by key federal agencies and state actions, could cut U.S. greenhouse gas emissions by 45% to 51% below 2005 levels in 2030.
The climate target is a key requirement of the 2015 Paris climate agreement, which Biden rejoined on his first day in office. It’s also an important marker as Biden moves toward his ultimate goal of net-zero carbon emissions by 2050.
Biden also has announced a plan to double financial aid to poorer nations to $11.4 billion by 2024 so those countries can switch to cleaner energy and cope with global warming’s worsening impact. The plan puts rich nations close to their long-promised but unrealized goal of $100 billion a year in climate help for developing nations.
Even as he moves to curb carbon emissions, Biden is feeling pressure from Republicans who unanimously oppose his climate and energy proposals and blame him for a sharp increase in energy prices, including gasoline and home heating supplies.
“Because of Joe Biden’s radical anti-energy agenda, people in every corner of this country are paying higher prices for energy,″ hurting struggling families, older adults and those on a fixed income, said Wyoming Sen. John Barrasso, the top Republican on the Senate Energy and Natural Resources Committee.
Energy prices have surged in recent months as the economy reopens following COVID-19 shutdowns. Crude oil prices have climbed more than 60% this year amid strong demand and snarled supply chains, prompting Biden to pressure Saudi Arabia and other exporters to ramp up oil production following cuts during the pandemic.
National security adviser Jake Sullivan said there was no contradiction between Biden’s climate goals and the request for more imported oil.
“This is not a light switch. We’re not flipping off all use of fossil fuels in our economy overnight,″ Sullivan told reporters on Air Force One as he headed to Europe with the president. “We still have need for those fossil fuels during the transition period to make sure that our economy is working, jobs are being created, working families have their homes heated at night and so forth.″
Denouncing what he called a “certain ‘gotcha’ quality” to questions on oil imports, Sullivan said the administration must consider both the short and long term. “We have to at once pay attention to energy supply today and work towards a net-zero future,″ he said.
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Published courtesy of the Associated Press.
