Climate and energy takeaways from Biden's budget pitch

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Here are the climate and energy takeaways from Biden's budget pitch

unveiled Monday would boost government-wide spending on climate and clean energy programs to almost $45 billion, the White House said.The White House is asking Congress for over $11 billion for programs to help other countries cut emissions and adapt to warming., which notes the request faces an "uphill battle."

$11.4 billion is a level the White House had previously sought by 2024. Officials "may be hoping for a friendlier reception on Capitol Hill, given the chance Democrats lose control of Congress in the November midterm elections,"The request lacks key provisions of the plan formerly known as "Build Back Better," notably a major expansion of clean power and electric vehicle tax incentives.

But there's a "deficit neutral reserve fund" to accommodate the potential for reaching a deal on clean energy and social spending legislation with Democratic Sens. Joe Manchin and Kyrsten Sinema Biden's proposal also contains several windows into how the administration is specifically looking to reshape and expand key programs.

The White House is asking Congress to widen the scope of the Energy Department's Advanced Research Projects Agency-Energy to include R&D on innovations in climate adaptation and resilience.

 

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Biden budget boosts environmental spending, $11 billion in climate-related foreign aidPresident Biden’s proposed budget for fiscal 2023 includes billions of dollars to tackle climate change, the transition to clean energy and environmental justice, in addition to more than $11 billion in foreign assistance to aid developing countries adapt to a warming planet. Also makes billionaires pay their fair share of taxes. People can't afford rent or to eat ... How about keeping the 11 billion at home.
Source: WashTimes - 🏆 235. / 63 Read more »