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The Democrats’ massive budget bill has six major climate provisions that could put a big dent in US emissions — cutting almost one billion tons of greenhouse gas (GHG) emissions in 2030, according to a new study from Rhodium Group.
Why this Matters: In order for Biden to meet his 2030 goal, the US needs to cut 1.7 billion to 2.3 billion tons of GHGs. For perspective, the reductions would be the equivalent of removing all US passenger vehicles from the road, or the combined annual emissions of Texas and Florida combined.
This new set of provisions could be a big help in accomplishing this. Rhodium Group President John Larsen told CNN, “We estimate that this could close about half the gap between where the US is likely to be and where it needs to be to hit the target.”
“This is a really big deal,” Larsen continued, “It would be the single largest action the federal government’s ever taken to deal with climate change.”
Transitioning to Cleaner Energy
One-fifth of the $3.5 trillion budget bill is devoted to environmental concerns. The clean electricity program, tax credits, and funding for rural electric cooperatives would be the most effective of the six provisions and remove up to 715 million tons of GHGs.
Larsen emphasized to CNN, however, that it’s still unclear whether this budget bill will allow the US to reach Biden’s decarbonization target of 50%-52% below 2005 levels by 2030.
By WW0 Staff For the United States, the post-Trump, pre-COP26 road to Glasgow has been paved with ambition and humility. In a major speech, the President’s Envoy, John Kerry, previewed the results of his climate diplomacy before heading into two weeks of intense deliberations of world leaders. Speaking at the London School of Economics — […]
Next week, the COP26 climate conference in Glasgow will draw hundreds of world leaders to Glasgow to determine the path forward five years after the Paris Climate Agreement (for a primer, read this) as new science underscores the urgency. The conference aims to squeeze countries to strengthen the commitments they’ve made towards securing global net-zero […]
By Amy Lupica, ODP Daily Editor In a report released last week, the Department of Defense (DOD) confirmed that existing risks and security challenges in the US are being made worse due to “increasing temperatures; changing precipitation patterns; and more frequent, intense, and unpredictable extreme weather conditions caused by climate change. Now, the Pentagon is […]
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