Widespread weather disasters worsened by climate change are already causing severe human hardship and billions of dollars in damage in our country.
That’s why the bipartisan legislation provides only an estimated 9% of the carbon emission reductions needed to meet the President’s announced goals for 2030 according to the analysis of Princeton University’s REPEAT scenario modeling program in its Summary Report: The Climate Impact of Congressional Infrastructure and Budget Bills.
President Biden’s ambitious proposals to invest more federal funds in immediate incentives to expand renewable energy were part of the Build Back Better reconciliation package stalled in the Senate.
The remaining programs in the package are financial and not regulatory tools but are considered sufficiently powerful incentives to the private sector to significantly advance achievement of the Biden Administration’s ambitious goal of achieving a 50-52% reduction in greenhouse gas emissions from 2005 levels by 2030.
Senator Jon Tester of Montana, a centrist Democrat from a red state, has emphasized his support for tax credits for renewable energy installation and favors the using the regular appropriation process for research and development investments in vehicle electrification.
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