Biden’s price range proposal supplies greater than $ 36 billion to fight local weather change

United States President Joe Biden will deliver remarks on combating climate change in the State Dining Room of the White House in Washington on January 27, 2021 before signing executive measures.

Kevin Lamarque | Reuters

President Joe Biden’s 2022 budget proposal calls for more than $ 36 billion to combat global climate change, an increase of more than $ 14 billion from 2021, with major new investments focused on clean energy, climate – and sustainability research as well as an improved water infrastructure.

Widespread funding for climate change would advance the president’s pledge to cut U.S. carbon emissions in half by 2030 and get the economy on the road to carbon neutrality by mid-century.

Biden’s top climate spending areas include:

$ 10 billion for clean energy innovation; $ 7 billion for NOAA research; $ 6.5 billion for clean energy storage in rural areas; transmission projects; $ 4 billion for funding climate research; $ 3.6 billion $ 1.7 billion for water infrastructure $ 1.7 billion for home and federal building retrofits $ 1.4 billion for environmental justice initiatives

Climate change is “an opportunity to create new industries and high-paying jobs with free and fair choices to join a union, revitalize America’s energy communities and the economy, and position America as a world power for clean energy,” the White House proposal was released on Friday said.

In an effort to decarbonise the electricity sector by 2035, the budget has allocated $ 2 billion to hire welders, electricians and other workers on clean energy projects in the US.

The budget provides $ 815 million to incorporate climate change risk into disaster planning and includes more than $ 1.2 billion above the 2021 level to increase U.S. resilience to more frequent and intense climate disasters such as forest fires, floods and Strengthen droughts.

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Among other things, the president’s budget is intended to finance his extensive infrastructure package, the so-called American Jobs Plan. This proposal includes record spending on climate change mitigation and a nationwide switch to clean energy and, if passed, would be one of the greatest federal efforts ever to reduce emissions.

While the Senate Republicans recently released an infrastructure counter-offer that cut Biden’s electric vehicle and climate spending, the White House has so far not changed its climate policy during negotiations.

The President’s budget proposal depends on Congress to pass it. But with the Democrats controlling both chambers this year, Biden could stand a good chance of enacting large chunks of it.

The budget and infrastructure proposals come as the US rejoins international efforts to combat climate change after former President Donald Trump stepped out of the 2015 Paris Agreement and halted all federal efforts to reduce emissions.

The budget also includes a $ 1.2 billion contribution to the Green Climate Fund, which aims to help developing countries reduce their emissions and adapt to climate change.

The president’s goal of halving domestic emissions by 2030 doubles the country’s previous commitment under the Paris Agreement. The Obama administration set out to reduce emissions by 26 to 28% below 2005 levels by 2025. However, the US is not yet halfway to achieving this goal.

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