If the new bill gets signed into law, a lot more money would come to California and its cities to cope with and combat the climate crisis.
While more funding is a win, Jonathan Parfrey, founder of local non-profit Climate Resolve and former L.A. Department of Water and Power commissioner, said California is, comparatively and adjusted for scale, investing far more in climate action.The 2022 California climate budget stands at $47 billion—more than what the federal government could distribute to the state taking into account its population through this legislation, Parfrey said.
Ashley Hernandez sits outside her home in Wilmington. She lives only about 400 feet from Warren E&P, one of the largest oil drilling operations on the west coast. The legislation is not only expected to reduce costs for individuals, it’s expected to cut U.S. greenhouse gas emissions by 40% of 2005 emissions by 2030. While it’s a downsized version of President Joe Biden’s original climate proposal, most advocates agree it’s a major step in the right direction. However, some environmental groups oppose the bill because it could mandate more federal oil and gas leases and has large investments in the controversial technologies of carbon capture and hydrogen.
$4,000 tax credits for buying used electric cars, a first for the federal government, which has previously only offered credits for new electric vehicles.
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