Joe Biden has laid out a climate change plan that would pour $1.7 trillion of federal money into clean energy spending over a decade
Former Vice President Joe Biden laid out a climate change plan on Tuesday that would pour $1.7 trillion of federal money into clean energy spending over a decade to bring U.S. greenhouse gas emissions to net zero by 2050.
And he said he would funnel federal revenues from eliminating the Trump tax cuts passed in late 2017 and ending tax breaks for the fossil fuel industry to finance a federal clean energy spending program. Biden would demand Congress pass climate change legislation his first year in office to create an enforcement mechanism for reducing emissions, make a “historic investment” in climate research and encourage “rapid deployment of clean energy” to achieve net-zero emissions by mid-century.
By signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time. Advisers to Biden said last month that his climate agenda would seek a “middle ground,” which quickly drew rebukes from progressives who said anything but aggressive action would leave the U.S. short of what climate scientists say is necessary to avert the worst effects of climate change. The U.N.
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