Democrats in Congress look ready to pass legislation with significant climate change elements that push the country closer to President Biden's ambitious goals.
Senate Majority Leader Chuck Schumer and West Virginia Democrat Joe Manchin struck a deal to include energy and climate spending in a party-line reconciliation bill.to breaking ground trying to meet them.
The Rhodium Group, which in previous projects showed the U.S. falling far short of its climate goals, is still analyzing the text of the legislation but also shared a preliminary assessment. She said the Biden Administration set an aggressive climate goal, and"the deepest fear of everybody in the climate community is that pledges are pledges and actions don't necessarily follow them." Securing the investments in the reconciliation bill would give such ambitious goals credibility, said Ladislaw.The Act takes aim at transportation and electricity generation, the two most greenhouse gas-polluting sectors of the U.S.
From subsidizing manufacturing and construction, to mitigating pollution, to making green technology more affordable for consumers,"it just has the full suite of things that you would want to see in a piece of energy legislation that takes seriously the transition that we need," said Ladislaw.Although many Democrats and climate advocates have come around to compromises made to get Manchin on board, language about new oil and gas production soured some climate activists' support.
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